In the latest developments, Equinix (EQIX, Financial), a leader in global digital infrastructure, has seen a revision in its price target by Goldman Sachs. The investment banking giant has adjusted the price target for EQIX from $1020.00 to $880.00 USD.
The adjustment reflects a -13.73% change in the price target. Despite this downward revision, Goldman Sachs has decided to maintain its "Buy" rating on EQIX. James Schneider, an analyst at Goldman Sachs, spearheaded this analysis and adjustment.
The consistency in the "Buy" rating suggests confidence in Equinix's long-term performance potential, despite the downward adjustment in expected price. Investors and market watchers will likely keep a close eye on Equinix's strategic moves and market performance following this update from Goldman Sachs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Equinix Inc (EQIX, Financial) is $966.71 with a high estimate of $1,200.00 and a low estimate of $837.00. The average target implies an upside of 22.72% from the current price of $787.71. More detailed estimate data can be found on the Equinix Inc (EQIX) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Equinix Inc's (EQIX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Equinix Inc (EQIX, Financial) in one year is $906.15, suggesting a upside of 15.04% from the current price of $787.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Equinix Inc (EQIX) Summary page.
