Equinix shares rise after Truist assumes coverage with 'buy' rating

Equinix

31/03/2026 18:37

** Shares of digital infrastructure firm Equinix EQIX.O rise 1.72% to $980.66

** Truist Securities assumes coverage on EQIX with a "buy" rating and sets PT of $1,127

** New PT is a 16.9% upside to the stock's last close

** Brokerage believes EQIX's global scale and platform provide the company an unmatched competitive advantage and moat

** 25 of 32 analysts rate stock "strong buy" or "buy" and seven "hold"; their median PT is $1,046 - data compiled by LSEG

** Including session's move, stock up 28% YTD

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))