BMO Capital analyst Ari Klein maintained a Buy rating on Equinix (EQIX) on June 28 and set a price target of $520. The company’s shares closed yesterday at $504.94, close to its 52-week high of $516.95.
According to TipRanks.com, Klein is a 3-star analyst with an average return of 7.1% and a 68.2% success rate. Klein covers the Financial sector, focusing on stocks such as QTS Realty Trust, Coresite Realty, and Digital Realty.
Currently, the analyst consensus on Equinix is a Strong Buy with an average price target of $517.20, a 2.4% upside from current levels. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $542 price target.
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Equinix’s market cap is currently $42.45B and has a P/E ratio of 97.10. The company has a Price to Book ratio of 5.04.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.
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Equinix, Inc. engages in the provision of collocation space and related services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific. The company was founded on June 22, 1998 and is headquartered in Redwood City, CA.
