Citizens Keeps Market Outperform on Equinix, Sees $1,200 Target as Capacity Buildout Gains Traction
Citizens has reaffirmed a Market Outperform rating on Equinix with a $1,200 price objective after the data center operator released quarterly results. The target implies nearly 40% upside from the current share price of $867.52 even as the stock trades at a high P/E of 78.88. Citizens points to accelerating capacity deployments and an expanding bac…