Oppenheimer analyst Timothy Horan maintained a Buy rating on Equinix (NASDAQ:EQIX) on Wednesday, setting a price target of $820, which is approximately 9.26% above the present share price of $750.47.
Horan expects Equinix to post earnings per share (EPS) of $0.75 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Equinix, with an average price target of $831.25.
The analysts price targets range from a high of $870 to a low of $800.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.52 billion and a net profit of $299.71 million. The company's market cap is $66.87 billion.
According to TipRanks.com, Oppenheimer analyst Timothy Horan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.1% and a 70.31% 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.