CIBC starts Equinix coverage with USD 1,200 target for Equinix stock

Published on 10/22/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 2.62 billion, up 16.4 percent year over year. Equinix stock costs EUR 875.70 on October 22, 2026 before results on October 28.

Coverage, growth and reporting date

CIBC initiated Equinix coverage with a USD 1,200 target on October 21, 2026.
Second-quarter revenue reached USD 2.62 billion, up 16.4 percent year over year.
Equinix stock trades at EUR 875.70 at 11:00 a.m. CEST at Lang & Schwarz on October 22, 2026.

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Equinix Inc. (ISIN US29444U7000) was trading at EUR 875.70 at Lang & Schwarz on October 22, 2026 at 11:00 a.m. CEST. CIBC initiated coverage with an Outperformer rating and a USD 1,200 price target on October 21, 2026, according to Business Insider.

Analyst coverage raises the bar

The new target puts the emphasis on Equinix's expected growth in enterprise, cloud and artificial intelligence demand. CIBC analyst Stephanie Price also said capacity investments are expected to monetize from 2029, according to the October 21 report.

Equinix's latest reported quarter provides the operating reference point. Revenue reached USD 2.62 billion in the second quarter of 2026, up 16.4 percent from the same period a year earlier, while adjusted earnings per share came in at USD 11.78 against a USD 4.73 consensus estimate, according to MarketBeat.

Three dated signals for Equinix

On July 29, 2026, Equinix reported second-quarter revenue of USD 2.62 billion. On August 18, 2026, Evercore raised its price target from USD 1,240 to USD 1,270. On October 21, 2026, CIBC initiated coverage with a USD 1,200 target, as reported by Transcript Daily.

When are the next results due?

Equinix scheduled its third-quarter results conference call for October 28, 2026, at 5:30 p.m. ET. The release said the call will cover the period ended September 30, 2026, according to Equinix.

Stock price sets the near-term frame

For investors, the October 28 reporting date is the next test of whether the second-quarter growth rate can support the valuation case behind the new analyst coverage. Equinix operates a digital infrastructure platform connecting data centers, cloud providers and network services across global markets.

The stock was trading at EUR 875.70 at Lang & Schwarz on October 22, 2026 at 11:00 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Equinix stock.