Equinix (EQIX) Stock Forecast & Price Target

$936.37 +12.77 (+1.38%)

(As of 11/22/2024 ET)

Equinix - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
0

Hold
5

Buy
15

Based on 20 Wall Street analysts who have issued ratings for Equinix in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 5 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for EQIX.

Consensus Price Target

$952.88
1.76% Upside

According to the 20 analysts' twelve-month price targets for Equinix, the average price target is $952.88. The highest price target for EQIX is $1,080.00, while the lowest price target for EQIX is $762.00. The average price target represents a forecasted upside of 1.76% from the current price of $936.37.

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EQIX Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$952.88	$918.40	$876.71	$829.85
Forecasted Upside	1.76% Upside	0.45% Upside	7.06% Upside	4.38% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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EQIX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EQIX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Equinix Stock vs. The Competition

Type	Equinix	Finance Companies	S&P 500
Consensus Rating Score	2.80	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	1.76% Upside	10.30% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent EQIX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$995.00 ➝ $1,080.00	+17.72%
11/18/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$810.00 ➝ $822.00	-8.40%
10/31/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Outperform ➝ Sector Outperform	$954.00 ➝ $985.00	+7.73%
10/31/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$865.00 ➝ $984.00	+6.86%
10/31/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$975.00 ➝ $1,020.00	+12.06%
10/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Liu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$945.00 ➝ $975.00	+10.11%
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10/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Luebchow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$875.00 ➝ $975.00	+9.97%
10/4/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Kanumuri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/4/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$865.00 ➝ $1,000.00	+14.13%
10/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$950.00 ➝ $975.00	+10.21%
9/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$870.00 ➝ $980.00	+10.69%
9/24/2024	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
9/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$873.00 ➝ $971.00	+11.91%
8/21/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$915.00 ➝ $935.00	+13.47%
8/13/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$880.00 ➝ $910.00	+11.10%
5/28/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$950.00 ➝ $922.00	+19.13%
3/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$767.00 ➝ $762.00	-7.53%
3/20/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$875.00 ➝ $950.00	+18.18%
1/2/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
12/6/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight
8/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$885.00 ➝ $910.00	+20.34%
6/23/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$750.00 ➝ $850.00	+13.79%
6/22/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$765.00 ➝ $900.00	+17.19%
5/18/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$720.00 ➝ $795.00	+9.18%
5/5/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$825.00 ➝ $830.00	+13.80%
5/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$753.00 ➝ $768.00	+10.09%
2/16/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$750.00 ➝ $800.00	+10.33%
12/14/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
12/13/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$811.00	+19.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:28 PM ET.

Should I Buy Equinix Stock? EQIX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Equinix pros and cons to contact@marketbeat.com.

Equinix
Bull Case

Here are some ways that investors could benefit from investing in Equinix, Inc.:

Equinix, Inc. has recently seen a price target increase from analysts, with Stifel Nicolaus raising it to $1,080.00, indicating a potential upside of 17.72% from the current stock price of approximately $917.47.
The company has a strong consensus rating of "Moderate Buy" from analysts, with 14 buy ratings and only 5 hold ratings, suggesting positive market sentiment towards its future performance.
Equinix, Inc. has declared a quarterly dividend of $4.26 per share, which translates to an annualized dividend yield of 1.90%. This can provide a steady income stream for investors.
Recent reports indicate that several analysts have raised their price targets for Equinix, reflecting confidence in the company's growth potential and market position.
The company has a solid market capitalization of approximately $88.53 billion, which indicates a strong presence in the digital infrastructure sector, making it a potentially stable investment.

Equinix
Bear Case

Investors should be bearish about investing in Equinix, Inc. for these reasons:

Equinix, Inc. has a high price-to-earnings (P/E) ratio of 82.73, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
The company's dividend payout ratio is currently at 153.65%, suggesting that it is paying out more in dividends than it earns, which could be unsustainable in the long run.
Insider selling has been observed, with executives selling a total of 13,654 shares worth over $11 million in the last ninety days, which may raise concerns about their confidence in the company's future performance.
Equinix, Inc. has a relatively high debt-to-equity ratio of 1.12, indicating that the company relies significantly on debt to finance its operations, which could pose risks in a rising interest rate environment.
The stock has experienced volatility, with a 12-month low of $684.14 and a high of $943.02, suggesting that investors may face risks associated with price fluctuations.

EQIX Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Equinix is $952.88, with a high forecast of $1,080.00 and a low forecast of $762.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equinix in the last year. There are currently 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EQIX shares.
: According to analysts, Equinix's stock has a predicted upside of 1.76% based on their 12-month stock forecasts.
: Over the previous 90 days, Equinix's stock had 3 upgrades by analysts.
: Equinix has been rated by research analysts at Barclays, BMO Capital Markets, Cfra, Evercore ISI, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Mizuho, Scotiabank, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Equinix more than other "finance" companies. The consensus rating for Equinix is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how EQIX compares to other companies.

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This page (NASDAQ:EQIX) was last updated on 11/24/2024 by MarketBeat.com Staff

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Equinix (EQIX) Stock Forecast & Price Target