Jefferies analyst Jonathan Petersen upgraded Equinix (EQIX) to Buy today and set a price target of $479. The company’s shares closed on Friday at $386.47.
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.7% and a 72.4% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, First Industrial Realty Trust, and Office Properties Trust.
Currently, the analyst consensus on Equinix is a Strong Buy with an average price target of $500.70.
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The company has a one-year high of $462.43 and a one-year low of $370.79. Currently, Equinix has an average volume of 529.1K.
Based on the recent corporate insider activity of 49 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.
