Equinix (NASDAQ:EQIX) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays has raised Equinix's target stock price from $798.00 to $804.00, indicating a potential upside of approximately 3.67% from its current value.
• Despite various analysts providing differing price targets, the general consensus rating for Equinix is "Buy", with an average price target of $962.52.
• Equinix reported an earnings per share (EPS) of $9.91, significantly exceeding analysts' expectations of $3.49, while also showing a 4.5% increase in quarterly revenue year-over-year.

Equinix (NASDAQ:EQIX - Get Free Report) had its target price increased by Barclays from $798.00 to $804.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the financial services provider's stock. Barclays's price target would indicate a potential upside of 3.67% from the company's current price.

Several other research analysts also recently commented on EQIX. Mizuho cut their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Scotiabank cut their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 26th. New Street Research raised Equinix to a "strong-buy" rating in a report on Monday, April 28th. Truist Financial lifted their price target on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus lowered their price objective on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $962.52.

Equinix Price Performance

Equinix stock traded up $2.0610 during trading hours on Wednesday, reaching $775.5210. 125,723 shares of the stock were exchanged, compared to its average volume of 622,993. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a market cap of $75.89 billion, a P/E ratio of 76.14, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The stock has a 50 day moving average of $803.20 and a two-hundred day moving average of $841.53.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts expect that Equinix will post 33.1 EPS for the current fiscal year.

Insider Buying and Selling at Equinix

In related news, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer directly owned 9,615 shares of the company's stock, valued at approximately $8,508,409.65. This represents a 23.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Equinix

A number of hedge funds and other institutional investors have recently modified their holdings of EQIX. Cornerstone Planning Group LLC boosted its position in shares of Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 12 shares during the period. Signaturefd LLC lifted its stake in Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after purchasing an additional 12 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Equinix by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 12 shares during the period. Gitterman Wealth Management LLC grew its position in shares of Equinix by 5.0% during the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 12 shares in the last quarter. Finally, Griffin Asset Management Inc. increased its holdings in shares of Equinix by 0.7% in the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

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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