Equinix (EQIX) Stock: $700 Price Target And Buy Rating

By Amit Chowdhry ● May 23, 2022
  • The shares of Equinix (NASDAQ: EQIX) have received a $700 price target from Argus. These are the details.

The shares of Equinix (NASDAQ: EQIX) have received a $700 price target from Argus. And Argus analyst Jacob Kilstein is maintaining a “Buy” rating on the shares.

Kilstein adjusted the rating following the company’s results in late April. Equinix had reported a Q1 EPS of $1.62, which was $0.03 lower than analyst estimates of $1.65. And the revenue for the quarter was $1.7 billion compared to the consensus estimate of $1.75 billion. In terms of guidance, Equinix expects 2022 revenue of between $7.291 billion and $7.341 billion, compared to the consensus of $7.24 billion.

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