Equinix Price Target Raised to $240.00 at Raymond James (EQIX)
Research analysts at Raymond James raised their target price on shares of Equinix (NASDAQ:EQIX) from $225.00 to $240.00 in a report released on Friday. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price indicates a potential upside of 14.23% from the company’s current price.
Equinix (NASDAQ:EQIX) traded up 0.69% on Friday, hitting $210.11. 910,406 shares of the company’s stock traded hands. Equinix has a one year low of $152.82 and a one year high of $211.86. The stock has a 50-day moving average of $200. and a 200-day moving average of $186.6. The company has a market cap of $10.468 billion and a P/E ratio of 101.10.
Equinix (NASDAQ:EQIX) last released its earnings data on Wednesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $580.00 million for the quarter, compared to the consensus estimate of $574.85 million. Analysts expect that Equinix will post $3.45 EPS for the current fiscal year.
EQIX has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Equinix from $210.00 to $225.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Equinix in a research note on Friday, May 2nd. They now have a $198.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Equinix in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Equinix currently has a consensus rating of “Buy” and a consensus price target of $222.25.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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