RBC Capital analyst Jonathan Atkin maintained a Buy rating on Equinix (NASDAQ:EQIX) on Friday, setting a price target of $885, which is approximately 7.91% above the present share price of $820.15.
Atkin expects Equinix to post earnings per share (EPS) of $0.76 for the third quarter of 2021.
The current consensus among 18 TipRanks analysts is for a Strong Buy rating of shares in Equinix, with an average price target of $901.17.
The analysts price targets range from a high of $950 to a low of $834.
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 $73.61 billion.
According to TipRanks.com, RBC Capital analyst Jonathan Atkin is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.9% and a 82.13% 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.