Equinix (NASDAQ:EQIX) Price Target Raised to $1,130.00

Equinix (NASDAQ:EQIX) had its price objective raised by research analysts at Barclays from $1,109.00 to $1,130.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 8.40% from the stock’s current price.

Several other research analysts also recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Sanford C. Bernstein began coverage on Equinix in a report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price target for the company. TD Cowen lifted their price objective on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Citigroup upped their price objective on Equinix from $1,240.00 to $1,260.00 and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,153.38.

Equinix Trading Down 3.9%

NASDAQ:EQIX opened at $1,042.39 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day moving average price of $1,078.93 and a 200-day moving average price of $954.23. The firm has a market capitalization of $102.80 billion, a price-to-earnings ratio of 72.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. Equinix has a one year low of $720.62 and a one year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $9.67 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts forecast that Equinix will post 38.26 EPS for the current year.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 11,539 shares of company stock valued at $12,455,054. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Equinix in the 4th quarter worth about $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after purchasing an additional 953,001 shares in the last quarter. SG Americas Securities LLC increased its holdings in Equinix by 377,167.4% during the 4th quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock worth $549,190,000 after purchasing an additional 716,618 shares during the period. Cohen & Steers Inc. raised its position in Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after purchasing an additional 493,141 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Equinix by 30.0% in the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock worth $838,798,000 after buying an additional 252,964 shares during the period. Institutional investors own 94.94% of the company’s stock.

About Equinix

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.