BMO Capital Maintains Outperform Rating for Equinix: Here's What You Need To Know

BMO Capital has decided to maintain its Outperform rating of Equinix EQIX and raise its price target from $800.00 to $870.00.

Shares of Equinix are trading up 0.88% over the last 24 hours, at $786.49 per share.

A move to $870.00 would account for a 10.62% increase from the current share price.

About Equinix

Equinix operates 248 data centers in 71 markets worldwide. It generates 46% of total revenue in the Americas, 32% in Europe, the Middle East, and Africa, and 22% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: Cloud and IT Services, Content Providers, Network and Mobile Services, Financial Services, and Enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.