Professional
Added to YB: 2024-06-07
Pitch date: 2024-05-30
EQIX [bullish]
Equinix, Inc.
+24.49%
current return
Author Info
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Company Info
Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet.
Market Cap
$93.5B
Pitch Price
$737.45
Price Target
1.0K (+9%)
Dividend
2.17%
EV/EBITDA
26.14
P/E
69.18
EV/Sales
12.37
Sector
Specialized REITs
Category
growth
Equinix, Inc.: AI and cloud momentum driving growth
EQIX: Argus maintains Buy, $1000 PT. Q1 AFFO $8.86 (+3% YoY), beats est. Rev +6% (85 straight qtrs growth). 2024 AFFO guide +7-10%, rev +6-7%. Div yield 2.2% (10% 5yr CAGR). Opportunities in global colocation mkt, AI & cloud demand. 40% intl rev. xScale JV to $8B. Risks: rates, oversupply. 21.9x 2025 P/AFFO < 24.8x hist. Solid growth, bookings, leadership justify premium.
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