Equinix, Inc. (EQIX)
NASDAQ: EQIX · IEX Real-Time Price · USD
756.38
-3.30 (-0.43%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Equinix Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Equinix stock have an average target of 857, with a low estimate of 669 and a high estimate of 960. The average target predicts an increase of 13.30% from the current stock price of 756.38.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Equinix stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 5 | 5 | 6 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 7 | 8 | 8 | 8 | 8 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 17 | 17 | 16 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $870 | Strong Buy | Initiates | $870 | +15.02% | Jul 1, 2024 |
| Barclays | Barclays | Hold Maintains $669 → $671 | Hold | Maintains | $669 → $671 | -11.29% | May 30, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $950 → $922 | Buy | Maintains | $950 → $922 | +21.90% | May 28, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $862 → $859 | Strong Buy | Maintains | $862 → $859 | +13.57% | May 10, 2024 |
| Barclays | Barclays | Hold Maintains $818 → $669 | Hold | Maintains | $818 → $669 | -11.55% | Apr 17, 2024 |
Financial Forecast
Revenue This Year
8.94B
from 8.19B
Increased by 9.18%
Revenue Next Year
9.72B
from 8.94B
Increased by 8.74%
EPS This Year
10.79
from 10.31
Increased by 4.69%
EPS Next Year
12.21
from 10.79
Increased by 13.10%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.4B | 10.4B | 11.5B | 12.7B | 14.1B |
| Avg | 8.9B | 9.7B | 10.6B | 11.8B | 12.9B |
| Low | 8.5B | 9.1B | 9.7B | 11.1B | 12.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.5% | 16.1% | 18.1% | 20.3% | 19.4% |
| Avg | 9.2% | 8.7% | 8.8% | 12.0% | 8.9% |
| Low | 4.4% | 2.0% | -0.3% | 4.7% | 1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.95 | 16.74 | 19.59 | 20.43 | 23.54 |
| Avg | 10.79 | 12.21 | 14.10 | 15.39 | 17.46 |
| Low | 9.21 | 9.61 | 10.14 | 10.76 | 11.99 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.6% | 55.1% | 60.5% | 45.0% | 53.0% |
| Avg | 4.7% | 13.1% | 15.5% | 9.2% | 13.5% |
| Low | -10.6% | -10.9% | -16.9% | -23.7% | -22.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.