Equinix stock: CIBC upgrades Equinix stock to Strong Buy

Published on 10/23/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinix expects third-quarter results on October 28, 2026. Equinix stock costs EUR 853.60 on October 23, 2026 at 4:30 p.m. CEST in trading.

CIBC upgrade on October 22

Canadian Imperial Bank of Commerce upgraded Equinix to Strong Buy on October 22, 2026.
Second-quarter 2026 revenue reached USD 2.62 billion, up 16.40 percent year over year.
Equinix stock costs EUR 853.60 at Lang & Schwarz on October 23, 2026 at 4:30 p.m. CEST.
Third-quarter 2026 results are scheduled for October 28, 2026.

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Equinix Inc. (ISIN US29444U7000) received a Strong Buy upgrade from Canadian Imperial Bank of Commerce on October 22, 2026, while its average analyst target stood at USD 1,215.68, according to MarketBeat. Equinix stock was trading at EUR 853.60 at Lang & Schwarz on October 23, 2026 at 4:30 p.m. CEST.

Revenue growth sets the backdrop

Equinix reported USD 2.62 billion in revenue for the second quarter of 2026, compared with a USD 2.59 billion consensus estimate. The result represented 16.40 percent year-over-year growth, according to MarketBeat. Adjusted earnings per share were reported at USD 11.78 against consensus of USD 4.73 for that quarter.

The revenue comparison is more useful for the upcoming report because it measures demand against a defined analyst baseline. Equinix has continued expanding its data-center and interconnection footprint, with the company website citing more than 280 data centers across 77 markets.

What does October 28 bring?

Equinix will discuss third-quarter results for the period ended September 30, 2026, on October 28, 2026, according to the company's Equinix release dated October 1, 2026. MarketBeat cited consensus estimates of USD 2.56 billion in revenue and USD 4.13 in earnings per share for the third quarter.

The company has set fiscal-year 2026 adjusted earnings-per-share guidance at USD 42.69 to USD 43.29, according to MarketBeat. That range gives the October report a clear benchmark, particularly after the second-quarter revenue beat.

Valuation and trading frame

On the Nasdaq, Equinix was last quoted at USD 956.99 on October 23, 2026 at 10:31 a.m. ET. The company had a market capitalization of USD 94.4 billion, a P/E ratio of 61.49, and a 52-week range of USD 720.62 to USD 1,128.68. Its trailing dividend yield was 2.00 percent.

The analyst backdrop remains constructive but varied. MarketBeat listed 2 Strong Buy ratings, 27 Buy ratings and 4 Hold ratings, alongside the USD 1,215.68 average target cited on October 22, 2026.

Equinix stock and the next report

The October 28 release is the next concrete test for the revenue trajectory and the full-year earnings range. The euro quotation from Lang & Schwarz stood at EUR 853.60 on October 23, 2026 at 4:30 p.m. CEST.

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