Equinix Sees Price Target Boosts from Barclays and Truist Analysts

Equinix, Inc. (NASDAQ:EQIX) is one of the stocks on Jim Cramer’s and analysts’ radar. On August 20, Barclays analyst Brendan Lynch increased the price target for EQIX to $804 from $798 while maintaining an Equal Weight rating. The firm updated its models within the data center sector. Meanwhile, on August 7, Truist analyst Anthony Hau increased the price target on the shares to $961 from $904 and maintained a Buy rating. The firm updated its model to reflect second-quarter results and revised revenue growth and expense assumptions.

Equinix, Inc. (NASDAQ:EQIX) provides a digital infrastructure platform designed to interconnect organizations with partners, services, or markets across its global network. It should be noted that Cramer was reluctant to recommend the stock on August 12, as he commented

“Equinix is still too expensive. That’s the commodity side of this business. I don’t want you in the commodity side. If it came much lower, we would take a really hard look at it.”

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Disclosure: None. This article is originally published at Insider Monkey.