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Investing.com - JMP Securities has reiterated its Market Outperform rating on Equinix (NASDAQ:EQIX) with a price target of $1,200.00. Currently trading at $797.04, the stock has significant upside potential, with InvestingPro data showing strong analyst consensus (1.68, where 1 is Strong Buy).
The firm’s decision follows Equinix’s second-quarter 2025 results, which helped clarify the company’s previously announced capital expenditure increase that had concerned investors.
JMP noted that when Equinix initially announced significant capex increases without corresponding revenue guidance increases during its analyst day, investors questioned whether technological changes might be undermining the company’s core business model.
According to JMP, Equinix management has now refined its message to emphasize that the additional capital expenditure is designed to accelerate revenue growth without diluting returns.
The $1,200 price target implies approximately 30 times Equinix’s estimated 2026 adjusted funds from operations (AFFO).
In other recent news, Equinix Inc. reported a 5% year-over-year revenue increase in its Q2 2025 earnings call, reaching $2.26 billion. The company achieved an adjusted EBITDA margin of 50%, marking a significant financial milestone. Equinix updated its 2025 revenue guidance, projecting a growth range of 7-8%, supported by strong demand for its digital infrastructure services. These developments highlight the company’s strategic expansions and financial performance. Despite these positive results, the stock price showed no immediate market reaction. Analysts have noted these financial metrics as crucial indicators for investors. The company’s focus on digital infrastructure continues to drive its revenue growth. Equinix’s performance in the second quarter underscores its ongoing efforts to meet market demand.
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