Expert Outlook: Equinix Through The Eyes Of 12 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 12 analysts have provided diverse ratings for Equinix (NASDAQ:EQIX), with sentiments ranging from bullish to bearish. The average 12-month price target for EQIX has been raised to $816.42, up 7.71% from the previous target. Analyst actions include adjustments to ratings and price targets, reflecting their evolving views on Equinix's market position. Equinix, operating as a REIT, has shown significant revenue growth but faces challenges in profitability and efficiency metrics compared to industry averages.
March 28, 2024 | 8:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Equinix has received mixed ratings from analysts, with a notable increase in the average 12-month price target to $816.42. The company has demonstrated strong revenue growth but faces challenges in profitability and efficiency.
The increase in the average price target suggests a positive outlook from analysts, potentially leading to short-term price appreciation. However, concerns about profitability and efficiency could temper long-term gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100