Equinix Inc
EQIX: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|ks | LOCK|Wkb>T | LOCK|TmXGD!!> |
Equinix: Analyst Day Brings Good and Bad; Lowering FVE to $840 From $860 on Higher Capital Spending
Equinix highlighted success in the interconnection and connectivity business and growing AI-related demand, supporting its expectations for 7%-10% annual revenue growth and 5%-9% annual AFFO growth through 2029. However, a higher-than-expected capital spending forecast sent shares down 9%.
