After BMO Capital and Stifel Nicolaus gave Equinix (NASDAQ: EQIX) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Amir Rozwadowski maintained a Buy rating on Equinix yesterday and set a price target of $489. The company’s shares closed yesterday at $444.99.
According to TipRanks.com, Rozwadowski is a 5-star analyst with an average return of 18.6% and a 71.4% success rate. Rozwadowski covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, CenturyLink Inc, and Sprint Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equinix with a $511.67 average price target, a 15.0% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $525 price target.
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The company has a one-year high of $495.35 and a one-year low of $370.79. Currently, Equinix has an average volume of 565.6K.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
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Equinix, Inc. engages in the provision of collocation space and related service. It operates through the following geographical segments: Americas; Europe, Middle East and Africa, and Asia-Pacific. The company was founded on June 22, 1998 and is headquartered in Redwood City, CA.
