EQIX Price Prediction Next Week
Based on the provided data and recent market developments, here's the price analysis and prediction for EQIX for the next trading week:
Technical Analysis
- Current price: $920.01
- RSI (14) at 53.27 indicates neutral momentum
- MACD at -3.44 suggests slight bearish pressure
- Price is trading below SMA-5 and SMA-10, but above SMA-200 ($839.03), indicating long-term uptrend
Key Price Levels
- Fibonacci resistance levels: R1: $941.84, R2: $956.26, R3: $979.59
- Fibonacci support levels: S1: $895.18, S2: $880.76, S3: $857.43
- Pivot point: $918.51
Fundamental Catalysts
- Upcoming earnings report on February 12, 2025, with expected EPS of $8.11, up 11.1% YoY
- Expected revenue of $2.28 billion, representing 8.07% growth
- Potential impact from Stargate Project announcement, which could affect data center demand
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): Price likely to test R1 at $941.84
- Base scenario (30% probability): Consolidation between $895-$920
- Bearish scenario (10% probability): Drop to S1 at $895.18
Trading Recommendation BUY with entry at current levels ($920.01) with:
- Target: $941.84 (R1 level)
- Stop loss: $895.18 (S1 level)
- Risk/Reward ratio: 1:1.64
The recommendation is supported by:
- Strong fundamental outlook with expected earnings growth
- Trading above major long-term moving averages
- Positive industry outlook from data center demand growth
EQIX Similar Chart Price Prediction
The price of EQIX is predicted to go up 0.28%, based on the high correlation periods with SON. The similarity of these two price pattern on the periods is 92.51%.
EQIX
SON
Up: 0.28%Similarity: 92.51%
EQIX Revenue Forecast
EQIX EPS Forecast
EQIX FAQs
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EQIX VS S&P500
The Internet of Things, artificial intelligence, and other innovations that increase public demand for data and connectivity require more hardware and connections in Equinix's highly connected data centers.
Among data center companies, Equinix is the biggest beneficiary of a continuing shift toward cloud usage, as it has far and away the most cloud on-ramps.
Equinix's deep global footprint makes it more attractive and stickier for customers and allows the firm to offer new products and capabilities that provide an even bigger barrier to competitors.
EQIX Analyst's Forecast
Maher Yaghi
Scotiabank
Buy
Price Target
$985 → $1,114
Upside
+18.39%
Scotiabank raised the firm's price target on Equinix to $1,114 from $985 and keeps an Outperform rating on the shares. The firm has updated its earnings estimates and targets for companies it covers in the TMT Infrastructure sector, the analyst tells investors. The firm remains bullish on data center stocks and neutral on tower operators. Additionally, Scotiabank expects 2025 to show continued strong growth in data center activity and to be another "solid year" in core leasing and capacity expansion. The firm believes Equinix is well positioned to maintain momentum.
Eric Luebchow
Wells Fargo
Buy
Price Target
$985 → $1,100
Upside
+14.38%
Anthony Hau
Truist Securities
Strong Buy
Price Target
$935 → $1,090
Upside
+11.06%