Equinix (NASDAQ:EQIX) Given New $1,240.00 Price Target at BTIG Research

Equinix (NASDAQ:EQIX) had its price objective increased by equities researchers at BTIG Research from $1,210.00 to $1,240.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s target price would indicate a potential upside of 18.88% from the company’s previous close.

Several other research firms have also issued reports on EQIX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,270.00 price target on shares of Equinix in a research report on Monday, August 3rd. Scotiabank reaffirmed a “sector perform” rating and set a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. Royal Bank Of Canada upped their target price on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Evercore reiterated an “outperform” rating and issued a $1,270.00 price target on shares of Equinix in a research report on Tuesday, August 18th. Finally, TD Cowen boosted their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,204.80.

Equinix Stock Performance

EQIX stock opened at $1,043.06 on Thursday. The company has a market capitalization of $102.92 billion, a P/E ratio of 67.16, a PEG ratio of 1.49 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a 50-day simple moving average of $1,043.48 and a 200 day simple moving average of $1,038.86. Equinix has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the business earned $9.91 EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts predict that Equinix will post 38.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Equinix

In other news, Director Christopher Paisley sold 125 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the transaction, the director directly owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,770 shares of company stock valued at $4,884,197 in the last quarter. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

Several large investors have recently added to or reduced their stakes in EQIX. Brighton Jones LLC raised its holdings in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares during the last quarter. Empowered Funds LLC boosted its position in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after purchasing an additional 546 shares during the period. Schnieders Capital Management LLC. acquired a new position in Equinix during the second quarter valued at approximately $231,000. Finally, Brown Advisory Inc. raised its position in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after purchasing an additional 29 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.