Equinix (NASDAQ:EQIX) Price Target Raised to $1,200.00

Equinix (NASDAQ:EQIX) had its price target lifted by research analysts at Mizuho from $1,165.00 to $1,200.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Mizuho’s price target would indicate a potential upside of 10.22% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus set a $1,075.00 target price on Equinix in a report on Thursday, February 12th. Cantor Fitzgerald boosted their target price on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their target price on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Morgan Stanley boosted their target price on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Truist Financial set a $1,215.00 target price on Equinix in a report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Stock Up 1.0%

EQIX stock opened at $1,088.73 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $107.37 billion, a PE ratio of 75.34, a PEG ratio of 2.07 and a beta of 1.01. Equinix has a 1-year low of $710.52 and a 1-year high of $1,128.68. The business’s 50 day simple moving average is $1,010.82 and its 200 day simple moving average is $875.44.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, research analysts anticipate that Equinix will post 37.72 EPS for the current year.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 630 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the transaction, the insider directly owned 10,394 shares of the company’s stock, valued at $9,990,608.86. This represents a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Raouf Abdel sold 584 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $965.69, for a total value of $563,962.96. Following the completion of the transaction, the executive vice president directly owned 7,768 shares in the company, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 6,380 shares of company stock worth $6,179,022. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Equinix

Several large investors have recently modified their holdings of EQIX. Ameriflex Group Inc. grew its holdings in shares of Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Avion Wealth grew its holdings in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Equinix during the 4th quarter worth $30,000. Princeton Global Asset Management LLC grew its holdings in shares of Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.