DBS analyst Sachin Mittal maintains $Equinix Inc (EQIX.US)$ with a buy rating, and maintains the target price at $1,042.
According to TipRanks data, the analyst has a success rate of 72.1% and a total average return of 20.2% 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 firm reported that Equinix delivered robust Q3 results, with an adjusted FFO per share that surpassed expectations and demonstrated strong underlying trends. The company saw a positive upturn in cabinet additions, marking the highest level in two years, coupled with interconnection activity that was significantly above the trailing 12-month average. Additionally, Equinix's record gross bookings, an elevated backlog, and the pre-selling of future capacity have enhanced visibility.
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 emphasized a record pipeline, indicating ongoing strength in demand.
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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