Bernstein Launches Coverage of Equinix (EQIX), Calls it a Data Centre “Juggernaut”

Bernstein initiated coverage of Equinix, Inc. (NASDAQ:EQIX) with an Outperform rating. The firm set a $1,128 price target on the stock. The firm described the company as “the juggernaut of the enterprise data centre market, with sticky, durable revenue.” The analyst said Equinix’s interconnection capabilities, presence in major metro locations, and service offerings continue to matter to enterprise customers. In the firm’s view, “continue to be important to enterprise buyers, and on those metrics, EQIX is hard to beat.”

Earlier in February, Canada Pension Plan Investment Board and Equinix, Inc. agreed to acquire Nordic data centre operator atNorth from Partners Group in a deal valued at about $4 billion. The transaction is subject to regulatory approvals and other closing conditions.

Under the agreement, CPP Investments will contribute roughly $1.6 billion and hold a controlling stake of about 60%. Equinix will own the remaining 40%. The deal is expected to immediately add to Equinix’s AFFO per share once completed. atNorth currently operates eight data centres across Nordic countries, including Denmark, Finland, Iceland, Norway, and Sweden. Additional facilities are under development, supported by about 1 GW of secured power capacity.

The company’s infrastructure is built to support rising demand for AI and high-performance computing. It includes liquid-cooling capabilities designed for high-density workloads and emphasises renewable energy use, heat reuse, and modular designs aimed at lowering environmental impact.

Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure company. Its platform, Equinix, combines a global footprint of International Business Exchange (IBX) and xScale data centres across the Americas, Asia-Pacific, and the Europe, Middle East and Africa (EMEA) regions, along with interconnection solutions, digital offerings, business and digital ecosystems, and consulting and support services.

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