Equinix (NASDAQ:EQIX) Now Covered by Analysts at Morgan Stanley

Key Points

• Morgan Stanley has initiated coverage on Equinix, giving it an "overweight" rating and setting a price target of $950.00, indicating a potential upside of 15.54% from its current price.
• Equinix's Q2 earnings surpassed expectations, with earnings per share reported at $9.91, significantly above the consensus estimate of $3.49, and total revenue matching predictions at $2.26 billion.
• The consensus rating for Equinix is "Buy", with five analysts rating it as Strong Buy, alongside nineteen analysts assigning a Buy rating as per MarketBeat.com.

Stock analysts at Morgan Stanley assumed coverage on shares of Equinix (NASDAQ:EQIX - Get Free Report) in a report released on Thursday, Marketbeat.com reports. The firm set an "overweight" rating and a $950.00 price target on the financial services provider's stock. Morgan Stanley's price objective points to a potential upside of 15.54% from the company's current price.

Several other research analysts have also commented on EQIX. Scotiabank lowered their price target on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. Bank of America lowered their price target on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. UBS Group lowered their price target on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. The Goldman Sachs Group lowered their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their price target on Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Equinix has a consensus rating of "Buy" and a consensus price target of $960.14.

Equinix Trading Up 0.6%

Shares of Equinix stock opened at $822.24 on Thursday. The firm has a market capitalization of $80.46 billion, a price-to-earnings ratio of 80.53, a PEG ratio of 1.41 and a beta of 0.92. Equinix has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50 day moving average of $785.11 and a 200 day moving average of $812.70.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, research analysts predict that Equinix will post 33.1 earnings per share for the current year.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Institutional Trading of Equinix

Large investors have recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 17 shares during the period. Westside Investment Management Inc. increased its position in Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 21 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Equinix in the 2nd quarter valued at about $26,000. Bank of Jackson Hole Trust increased its position in Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 14 shares during the period. Finally, Abound Wealth Management increased its position in Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 23 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Company Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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