Citigroup Rates Equinix (EQIX) buy, $1,260 Price Target
Citigroup's Michael Rollins maintains a buy rating on Equinix with a $1,260 price target, a 20.88% upside from the current price.
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Citigroup rated Equinix, Inc. ($EQIX) "buy" with a $1,260 price target on June 29, 2026.
Since the rating, $EQIX is down 8.0% after 1 week, down 7.1% after 1 month and down 8.7% to date (from the $1,080.01 close on Jun 29, 2026).
EQIX
Equinix, Inc.
Key Points
- On June 29, 2026, Citigroup's Michael Rollins reiterated a buy rating on Equinix, Inc. (NASDAQ: EQIX) with a price target of $1,260.
- Citigroup's $1,260 price target implies 20.88% upside from Equinix, Inc.'s ($EQIX) current $1,042.39 share price.
- Equinix shares traded near $1,091.3 on Monday, with a market cap of approximately $107.63 billion and a P/E ratio of 75.21.
- Other analysts, including Mizuho and Cantor Fitzgerald, also maintain buy ratings with price targets of $1,200 and $1,186 respectively.
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On June 29, 2026, Citigroup's analyst Michael Rollins reiterated his buy rating on Equinix, Inc. (NASDAQ: EQIX) and set a price target of $1,260. This move underscores Citigroup's continued positive outlook on the data center company's prospects.
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Equinix, Inc. Stock Up 2.1%
Shares of Equinix, Inc. traded near $1,091.3 on Monday. The company has a market cap of approximately $107.63 billion, with a P/E ratio of 75.21 and a forward P/E of 56.77. Equinix's stock has seen a 52-week low of $720.62 and a high of $1,128.68. Its 50-day moving average stands at $1,079.48, while the 200-day moving average is $902.31. The company's beta is 0.97, indicating moderate volatility compared to the market.
$EQIX price target
Equinix, Inc. daily closes and this analyst's $1,260 target. Not advice.
Recent Earnings
Equinix reported revenue of about $9.53 billion, with a revenue growth rate of 12.1%. The company achieved a net margin of 14.93% and a return on equity of 10.06%. Its earnings per share were $14.51. Equinix is expected to announce its next earnings on July 29, 2026.
Dividend
Equinix offers an annual dividend rate of $19.70 per share, yielding 1.81%. The dividend payout ratio is 132.99%, reflecting its commitment to returning value to shareholders.
Insider Buying and Selling at Equinix, Inc.
Recent insider activity at Equinix included several planned sales. On June 8, 2026, Chief People Officer Morandi Brandi Galvin sold 3,726 shares at an average price of $1,076.36 under a Rule 10b5-1 plan. Earlier, on June 2, 2026, multiple executives, including CEO Adaire Fox-Martin, sold shares at prices around $1,060, also as part of planned sales.
Analysts Set New Price Targets
Alongside Citigroup's reiteration, other firms have maintained their ratings on Equinix. Mizuho maintained a buy rating with a target of $1,200 on May 7, 2026. Cantor Fitzgerald also kept a buy rating, setting a price target at $1,186 on May 1, 2026. The consensus among 28 analysts is a buy rating, with an average price target of $1,197.11.
About Equinix, Inc.
Equinix, Inc. is a leading global provider of data center and interconnection services. Based in Redwood City, California, the company operates a vast network of data centers that support digital infrastructure and connectivity across the world. Under the leadership of CEO Adaire Rita Fox-Martin, Equinix employs over 13,700 people. The company plays a crucial role in enabling seamless digital experiences and innovations.
Bottom Line
Citigroup's reiterated buy rating on Equinix reflects confidence in the company's growth potential and market position. As a leader in digital infrastructure, Equinix continues to attract positive analyst attention. Investors keep a close watch on such ratings, although it's important to remember that analyst opinions are backward-looking and may not reflect the most current market conditions.
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Source: Citigroup's rating change on $EQIX (Jun 29, 2026). Written by software, not financial advice. How we make alerts