RBC Capital analyst Jonathan Atkin reiterated a Buy rating on Equinix (NASDAQ: EQIX) yesterday and set a price target of $500. The company’s shares opened today at $438.33.
According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.2% and a 82.8% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, GDS Holdings Ltd, and Wideopenwest Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equinix with a $507.38 average price target, representing a 15.8% upside. In a report issued on August 9, BMO Capital also reiterated a Buy rating on the stock with a $521 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 587.8K.
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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.