New Buy Rating for Equinix (EQIX), the Technology Giant

J.P. Morgan analyst Richard Choe maintained a Buy rating on Equinix (EQIXResearch Report) yesterday and set a price target of $750.00. The company’s shares closed yesterday at $585.35.

According to TipRanks, Choe is a 4-star analyst with an average return of 13.1% and a 71.88% success rate.

Equinix has an analyst consensus of Moderate Buy, with a price target consensus of $711.67, representing a 21.58% upside. In a report released yesterday, Deutsche Bank also reiterated a Buy rating on the stock with a $635.00 price target.

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EQIX market cap is currently $53.31B and has a P/E ratio of 76.57.

Based on the recent corporate insider activity of 71 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.

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