Why Did Equinix Plunge 5.12% Ahead of Analyst Day?

On June 25, 2025, Equinix's stock experienced a significant drop of 5.12% in pre-market trading, reflecting a notable shift in investor sentiment towards the data center company.

Analysts have set a mean price target of $1,013.63 for Equinix, indicating a 17% premium over its current price levels. This optimistic outlook is supported by the Street-high price target of $1,218, suggesting strong confidence in the company's future performance.

Citi has maintained its buy rating on Equinix stock, setting a price target of $990.00. This endorsement comes ahead of the company's upcoming analyst day, where Equinix is expected to provide further insights into its strategic initiatives and growth prospects.

Equinix's strategic positioning and growth potential have been highlighted by analysts, who anticipate a slight moderation in the company's long-term revenue growth outlook. The adjusted growth rate of 7-9% reflects stable pricing and some market challenges, but overall, the company's fundamentals remain robust.

Argus recently lowered its price target on Equinix to $955 from $972, while keeping a Buy rating on the shares. This adjustment reflects the analyst's assessment of the company's current market conditions and future prospects.