Equinix's Trading Volume Surges to $504 Million, Topping the Market Despite Stock Decline

On May 7, 2025, Equinix's trading volume reached $504 million, marking a 30.62% increase from the previous day. The company's stock price, however, declined by 0.33%, marking the second consecutive day of losses, with a total decrease of 1.21% over the past two days.

Equinix Inc. reported impressive first-quarter 2025 results, with adjusted funds from operations (AFFO) per share of $9.67, surpassing the consensus estimate of $8.96. This strong performance was driven by higher revenues and improving margins, reflecting robust demand for the company's services.

Following the release of these positive results, Equinix's price target was raised to $1,018 from $978 by TD Securities. Additionally, Citi lifted its stock price target to $990, maintaining a buy rating for the company.