Equinix Shares Slide as Trading Volume Surges to 179th in Market Activity

On July 31, 2025, Equinix (NASDAQ:EQIX) closed at a 1.49% decline, with a trading volume of $740 million—a 61.82% increase from the prior day—ranking 179th in market activity. Analyst actions and earnings updates have drawn attention to the data center REIT’s valuation and growth trajectory.

CFRA downgraded Equinix to "Hold" from "Buy," citing a more conservative risk assessment amid global data center expansion opportunities. The firm maintained a $850 price target, aligned with a 27.9x forward P/FFO multiple, significantly below the $953 consensus. Despite the downgrade, Equinix reported a 5% year-over-year revenue rise in Q2 2025, reaching $2.26 billion, with a 50% adjusted EBITDA margin. The company raised its 2025 revenue guidance to 7-8% growth, reflecting strong demand for digital infrastructure services.

JPMorgan raised its price target to $940, maintaining an "Overweight" rating, citing outperformance in adjusted EBITDA and AFFO metrics. Similarly, JMP Securities reiterated a "Market Outperform" rating with a $1,200 target, noting clarity in capital expenditure plans. These developments underscore Equinix’s strategic positioning and financial resilience in a competitive sector.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the 29.18% benchmark. This approach highlights the role of liquidity-driven momentum in short-term gains, as seen in Equinix’s recent volume surge.