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Nov 4, 3:00 AM
Mizuho Securities reiterated its Outperform rating and
$1,275 price target on Equinix, implying more than 25% upside, following record Q3 bookings and better-than-expected operating performance. The broker maintained Equinix as a top pick, citing AI infrastructure demand that continues to exceed available data center capacity.
Annualized bookings reached a record
$533 million, up 35% year over year, while total bookings including smaller pre-bookings hit
$562 million, comfortably above Mizuho’s
$480 million estimate. Strong demand, limited capacity and pricing opportunities continue to support growth.
Equinix is expanding through a new joint venture with atNorth, adding an 800-megawatt development pipeline over five years, with an option for another 1 GW. This complements its existing 3-GW pipeline and diversified construction strategy, which helps reduce exposure to local regulatory restrictions and community opposition.
$EQIX
