Scotiabank analyst Maher Yaghi maintains $Equinix Inc (EQIX.US)$ with a buy rating, and adjusts the target price from $954 to $985.
According to TipRanks data, the analyst has a success rate of 61.4% 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 delivered strong Q3 outcomes with adjusted FFO per share upside and robust underlying trends. Cabinet additions were positive, hitting a two-year peak, and interconnections stood well above the average of the trailing 12 months. With record gross bookings, a high backlog, and proactive pre-selling of future capacity, visibility is enhanced.
The company disclosed record third-quarter gross bookings and reported an increase in billable cabinet net additions, leading to an uplift in its 2024 guidance. Management emphasized a record pipeline, which indicates the continuation of 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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