These Analysts Increase Their Forecasts On Equinix Following Q4 Results
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Equinix Inc (NASDAQ:EQIX) reported strong Q4 results with FFO of $8.91 per share, exceeding estimates. However, quarterly sales of $2.420 billion fell short of expectations. The company provided optimistic Q1 sales guidance of $2.496 billion to $2.536 billion. CEO Adaire Fox-Martin highlighted strong demand and growth potential. Following the earnings announcement, analysts raised their price targets: Scotiabank to $997, Wells Fargo to $975, and Goldman Sachs to $894. Equinix shares rose 11.3% to $965.44.
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