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Equinix (EQIX) Receives a Buy from Berenberg Bank

Berenberg Bank analyst Nate Crossett maintained a Buy rating on Equinix (EQIXResearch Report) on April 29 and set a price target of $862.00. The company’s shares closed last Monday at $702.39.

According to TipRanks.com, Crossett is a 2-star analyst with an average return of 1.1% and a 44.4% success rate. Crossett covers the Financial sector, focusing on stocks such as Four Corners Property, Global Net Lease, and Americold Realty.

Currently, the analyst consensus on Equinix is a Moderate Buy with an average price target of $818.24, implying a 13.4% upside from current levels. In a report issued on April 27, Barclays also maintained a Buy rating on the stock with a $823.00 price target.

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Equinix’s market cap is currently $65.45B and has a P/E ratio of 132.69.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQIX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1998, Equinix, Inc. is a California-based digital infrastructure company which provides collocation space and develops data center solutions. The company offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.

Read More on EQIX:

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