RBC Capital Maintains Outperform on Equinix, Lowers Price Target to $922
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jonathan Atkin maintains an Outperform rating on Equinix (NASDAQ:EQIX) but lowers the price target from $950 to $922.
May 28, 2024 | 2:55 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Equinix but lowers the price target from $950 to $922. This suggests continued confidence in the company's performance, albeit with slightly tempered expectations.
The Outperform rating indicates positive sentiment towards Equinix's future performance. However, the lowered price target suggests some caution, likely due to market conditions or company-specific factors. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100