Wells Fargo Reiterates an 'Outperform' on Equinix (EQIX); Channel Checks Indicate Compelling Data Points

Wells Fargo maintains an 'Outperform' on Equinix (NASDAQ: EQIX) price target range raised from $150-160 to $192-205.

Analyst, Gary Powell, said, "It sounds like EQIX continues to gain traction with managed hosting/cloud providers and that the ecosystem is slowly helping EQIX improve growth in the enterprise segment, which has historically lagged other verticals. In addition, demand in key markets like Silicon Valley, Washington, DC and New York are strong and trends in Chicago are improving. Lastly, we heard EQIX won a couple of larger deals that could help trends in Q2/Q3. We continue to have a lot of confidence in our outlook on EQIX in Q1 and in 2012."

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 $152.51 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform