Stifel Nicolaus Sticks to Its Buy Rating for Equinix (EQIX)
Stifel Nicolaus analyst Erik Rasmussen maintained a Buy rating on Equinix today and set a price target of $1,075.00.
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According to TipRanks, Rasmussen is a 5-star analyst with an average return of 36.2% and a 71.70% success rate.
In addition to Stifel Nicolaus, Equinix also received a Buy from TipRanks – xAI’s xAi REIT – Specialty in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Equinix (NASDAQ: EQIX).
Based on Equinix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.44 billion and a net profit of $265 million. In comparison, last year the company earned a revenue of $2.26 billion and had a GAAP net loss of $14 million
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQIX in relation to earlier this year. Earlier this month, Kurt Pletcher, the CLO of EQIX sold 259.00 shares for a total of $249,525.78.
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