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Pacific Crest upped their price target on shares of Equinix (NASDAQ:EQIX) from $48.00 to $55.00 in a research note issued on Thursday. Pacific Crest’s price target points to a potential downside of 73.98% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura raised their price target on shares of Equinix from $220.00 to $250.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Equinix from $240.00 to $259.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Equinix from $215.00 to $245.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $220.15.

Equinix (NASDAQ:EQIX) traded down 1.46% on Thursday, hitting $211.38. 617,837 shares of the company’s stock traded hands. Equinix has a one year low of $152.82 and a one year high of $220.85. The stock’s 50-day moving average is $211. and its 200-day moving average is $193.3. The company has a market cap of $10.851 billion and a P/E ratio of 77.14.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.59. The company had revenue of $605.16 million for the quarter, compared to the consensus estimate of $595.91 million. During the same quarter last year, the company posted ($0.58) earnings per share. Equinix’s revenue was up 14.4% compared to the same quarter last year. Analysts expect that Equinix will post $2.98 EPS for the current fiscal year.

Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.

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