Benchmark Maintains a 'Buy' on Equinix (EQIX); Raising Price Target on Strong Domestic Outlook

Benchmark maintains a 'Buy' on Equinix (NASDAQ: EQIX) price target raised from $140 to $165.

Analyst, Clayton F. Moran, said, "Equinix operating momentum is solid and indicates upside to 2012 guidance is likely. A potential REIT conversion could drive further stock appreciation. Valuation remains attractive at 11x 2012E EBITDA with 20% annual growth and the achievement of free cash flow nearing. We are bullish on Equinix and raise our price target to $165."

For an analyst ratings summary and ratings history on Equinix click here. For more ratings news on Equinix click here.

Shares of Equinix closed at $141.76 yesterday.

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