Evercore Partners Increases Equinix Price Target to $210.00 (EQIX)
Investment analysts at Evercore Partners boosted their price target on shares of Equinix (NASDAQ:EQIX) from $200.00 to $210.00 in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. Evercore Partners’ target price would suggest a potential upside of 10.10% from the stock’s previous close.
Equinix (NASDAQ:EQIX) traded up 0.43% during mid-day trading on Tuesday, hitting $190.74. 770,823 shares of the company’s stock traded hands. Equinix has a 52 week low of $152.82 and a 52 week high of $231.56. The stock’s 50-day moving average is $179.4 and its 200-day moving average is $172.4. The company has a market cap of $9.452 billion and a price-to-earnings ratio of 94.87.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Equinix in a research note on Thursday, December 19th. They set a “buy” rating and a $200.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Equinix from $227.00 to $200.00 in a research note on Friday, November 22nd. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest reiterated a “buy” rating on shares of Equinix in a research note on Monday, November 18th. They now have a $224.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Equinix has a consensus rating of “Buy” and an average target price of $219.90.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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