Benchmark Reiterates Buy on Equinix (EQIX) Following "Solid" Results
Benchmark reiterated a Buy rating on Equinix (NASDAQ: EQIX) and raised its price target to $220.00 (from $200.00). Analysts view the company's recent Q3 results as "solid".
"Both Europe and Asia are showing improved growth trends, while the US remains steady," said analyst James T. Dobson.
Speaking more broadly regarding the company’s prospects, Dobson said "Equinix has a recurring revenue model with solid prospects for sustained growth."
He forecasts 15%-20% annual EBITDA growth for the next few years. "As such, the stock appears attractive," said Dobson.
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 $190.00 yesterday, with a 52 week range of $91.35-$212.00.
"Both Europe and Asia are showing improved growth trends, while the US remains steady," said analyst James T. Dobson.
Speaking more broadly regarding the company’s prospects, Dobson said "Equinix has a recurring revenue model with solid prospects for sustained growth."
He forecasts 15%-20% annual EBITDA growth for the next few years. "As such, the stock appears attractive," said Dobson.
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 $190.00 yesterday, with a 52 week range of $91.35-$212.00.