Stifel analyst Erik Rasmussen maintains $Equinix Inc (EQIX.US)$ with a buy rating, and maintains the target price at $995.
According to TipRanks data, the analyst has a success rate of 71.5% and a total average return of 16.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Equinix Inc (EQIX.US)$'s main analysts recently are as follows:
Solid third-quarter results were reported by the company, with adjusted funds from operations per share surpassing expectations and demonstrating robust underlying trends. The company has seen its highest cabinet additions in two years, turning positive, and its interconnections have consistently outperformed the trailing 12-month average. With record gross bookings, a substantial backlog, and the pre-selling of future capacity, there is an increased visibility for the company's outlook.
The company disclosed record gross bookings for the third quarter of fiscal year 2024, reported an increase in billable cabinet net additions, and raised its guidance for the year 2024. Management also emphasized the strength of the demand, as evidenced by a record pipeline.
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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