Mizuho Raises Equinix (NASDAQ:EQIX) Price Target to $1,200.00

Equinix (NASDAQ:EQIX) had its target price boosted by analysts at Mizuho from $1,165.00 to $1,200.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Mizuho’s price target would indicate a potential upside of 11.93% from the stock’s current price.

EQIX has been the subject of a number of other reports. TD Cowen upped their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Guggenheim upped their price objective on shares of Equinix from $985.00 to $1,235.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $1,075.00 price objective on shares of Equinix in a research report on Thursday, February 12th. Finally, Wells Fargo & Company upped their price objective on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,072.08 on Thursday. The firm has a 50 day moving average of $1,013.11 and a 200-day moving average of $877.22. The stock has a market capitalization of $105.73 billion, a PE ratio of 74.19, a PEG ratio of 2.01 and a beta of 1.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix has a 12 month low of $710.52 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities research analysts predict that Equinix will post 37.72 EPS for the current fiscal year.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 630 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the transaction, the insider directly owned 10,394 shares in the company, valued at approximately $9,990,608.86. This represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan Lin sold 635 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total transaction of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares of the company’s stock, valued at approximately $10,418,079.48. This trade represents a 5.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,604 shares of company stock worth $11,848,264 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Equinix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after acquiring an additional 107,227 shares during the period. JPMorgan Chase & Co. increased its position in Equinix by 25.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after acquiring an additional 588,967 shares during the period. Cohen & Steers Inc. increased its position in Equinix by 23.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after acquiring an additional 493,141 shares during the period. Geode Capital Management LLC increased its position in Equinix by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after acquiring an additional 25,383 shares during the period. Finally, Principal Financial Group Inc. increased its position in Equinix by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after acquiring an additional 27,643 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.