Equinix (NASDAQ:EQIX) Stock Moved Up to Strong-Buy by Canadian Imperial Bank of Commerce

Posted by Brian Himes on Oct 22nd, 2026

Equinix (NASDAQ:EQIX – Get Free Report) was upgraded by investment analysts at Canadian Imperial Bank of Commerce to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

A number of other research firms also recently commented on EQIX. Truist Financial increased their price objective on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Sanford C. Bernstein lifted their target price on Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. BTIG Research lifted their target price on Equinix from $1,210.00 to $1,240.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Barclays upped their target price on Equinix from $1,130.00 to $1,135.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. Finally, Scotiabank reissued a “sector perform” rating and set a $1,208.00 price target on shares of Equinix in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,215.68.

Check Out Our Latest Stock Report on Equinix

Equinix Price Performance

NASDAQ EQIX opened at $995.00 on Tuesday. The firm’s 50 day moving average is $1,034.70 and its 200-day moving average is $1,049.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $98.18 billion, a PE ratio of 64.07, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. Equinix has a 12-month low of $720.62 and a 12-month high of $1,128.68.

Equinix (NASDAQ:EQIX – Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the firm earned $9.91 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts anticipate that Equinix will post 38.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,770 shares of company stock worth $4,884,197 over the last quarter. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equinix

Hedge funds have recently bought and sold shares of the company. Marion Wealth Management increased its position in Equinix by 2.0% during the third quarter. Marion Wealth Management now owns 1,380 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 27 shares during the last quarter. Sage Private Wealth Group LLC bought a new position in shares of Equinix during the 3rd quarter worth approximately $267,000. Arvest Investments Inc. increased its holdings in shares of Equinix by 4.7% during the 3rd quarter. Arvest Investments Inc. now owns 1,413 shares of the financial services provider’s stock worth $1,430,000 after acquiring an additional 63 shares during the last quarter. Axecap Investments LLC acquired a new position in shares of Equinix during the 3rd quarter worth approximately $2,238,000. Finally, Prime Capital Investment Advisors LLC raised its stake in Equinix by 6.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,200 shares of the financial services provider’s stock valued at $1,214,000 after acquiring an additional 75 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Equinix

(Get Free Report)

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.