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Morgan Stanley Reiterates Buy Rating and $1,250 Price Target for Equinix

Equinix logoEquinix
Sig1.25Sen+0.85Env0.00Soc0.00Gov0.00

Morgan Stanley analyst Cameron McVeigh reiterated a Buy rating on Equinix and set a $1,250.00 price target. The note cites a strong Street consensus and Equinix’s quarterly results, with revenue rising to $2.63 billion and net profit to $479 million. Insider activity shows increasing share sales, including a director sale of 4,000 shares, contributing to negative insider sentiment.

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