BMO Capital analyst Ari Klein maintained a Buy rating on Equinix (NASDAQ:EQIX) on Thursday, setting a price target of $830, which is approximately 7.33% above the present share price of $773.31.
Klein expects Equinix to post earnings per share (EPS) of $1.53 for the fourth quarter of 2020.
The current consensus among 17 TipRanks analysts is for a Strong Buy rating of shares in Equinix, with an average price target of $839.
The analysts price targets range from a high of $900 to a low of $712.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.47 billion and a net profit of $295.76 million. The company's market cap is $68.48 billion.
According to TipRanks.com, BMO Capital analyst Ari Klein is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.6% and a 58.73% 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.