Evercore analyst Irvin Liu maintains $Equinix Inc (EQIX.US)$ with a buy rating, and adjusts the target price from $945 to $975.
According to TipRanks data, the analyst has a success rate of 63.3% and a total average return of 5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Equinix Inc (EQIX.US)$'s main analysts recently are as follows:
The company demonstrated robust Q3 results, featuring adjusted FFO per share that exceeded expectations and strong fundamental trends. A notable increase in cabinet additions, marking the highest level in two years, was observed, alongside interconnections that outperformed the trailing 12-month average. Additionally, record gross bookings, a substantial backlog, and proactive pre-selling of impending capacity have enhanced visibility.
The company disclosed an unprecedented level of gross bookings for 3Q24, revealed an increase in billable cabinet net additions, and elevated its 2024 guidance. The management emphasized a record-setting pipeline, indicating sustained demand strength.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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