Berenberg Bank analyst Nathan Crossett maintained a Buy rating on Equinix (NASDAQ:EQIX) on Thursday, setting a price target of $963, which is approximately 23.16% above the present share price of $781.92.
Crossett expects Equinix to post earnings per share (EPS) of $0.76 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Equinix, with an average price target of $884.91.
The analysts price targets range from a high of $963 to a low of $732.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.66 billion and a net profit of $285.18 million. The company's market cap is $2.19 billion.
According to TipRanks.com, Berenberg Bank analyst Nathan Crossett is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 14.7% and a 64.29% success rate.
Founded in 1998, Equinix, Inc. is a California-based digital infrastructure company which provides collocation space and develops data center solutions. The company 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.