Barclays (LON:BARC) analyst Tim Long maintained a Buy rating on Equinix (NASDAQ:EQIX) on Wednesday, setting a price target of $876, which is approximately 16.41% above the present share price of $752.53.
Long expects Equinix to post earnings per share (EPS) of $1.39 for the third quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Equinix, with an average price target of $755.85.
The analysts price targets range from a high of $825 to a low of $670.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.44 billion and a net profit of $266.21 million. The company's market cap is $68.16 billion.
According to TipRanks.com, Barclays analyst Tim Long is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.8% and a 63.81% success rate.
Equinix, Inc. engages in the provision of collocation space and develops data centre solutions. The firm 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. The company was founded on June 22, 1998 and is headquartered in Redwood (NYSE:RWT) City, CA.