Equinix, Inc. (EQIX) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Thursday. The broker also raised its price target on the stock to $300 from $260, implying a 17% expected return.
Equinix, Inc., currently valued at $14.49 billion, has a median Wall Street price target of $255.00 with a high target of $270.00. Approximately 1.1 million shares have already changed hands, compared to the stock’s average daily volume of 839K shares a day.
In the past 52 weeks, share of the REIT have traded between a low of $182.29 and a high of $261.96 with the 50-day MA and 200-day MA located at $237.41 and $225.07 levels, respectively. Additionally, shares of EQIX trade at a P/E ratio of 1.16 and have a Relative Strength Index (RSI) and MACD indicator of 74.94 and +5.86, respectively.
EQIX currently prints a one year return of 38.23% and a year-to-date return of around 9%.
Glu Mobile, Inc. (GLUU) was reiterated as ‘Buy’ with an $8.00 from $6.50 price target on Thursday by Canaccord Genuity.
GLUU shares recently gained $1.31 to $6.71. In the past 52 weeks, shares of San Francisco, California-based company have traded between a low of $3.27 and a high of $7.60. Shares are up 38.46% year-to-date.
Microsoft Corporation (MSFT) rating of ‘Outperform’ was reiterated today at RBC Capital Markets with a price target increase of $54 from $50 (versus a $49.06 previous close).
Microsoft Corporation shares are currently priced at 19.82x this year’s forecasted earnings compared to the industry’s 17.75x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.74 and 17.30, respectively. Price/Sales for the same period is 4.31 while EPS is 2.48. Currently there are 16 analysts that rate MSFT a ‘Buy’, 14 rate it a ‘Hold’. 3 analysts rates it a ‘Sell’. MSFT has a median Wall Street price target of $49.00 with a high target of $60.00.
Microsoft shares gained 0.30% to $49.20 in midday trading Thursday in New York.
Analysts at Credit Suisse are out with a report this morning upgrading shares of JetBlue Airways Corporation (JBLU) with an ‘Outperform‘ from ‘Neutral‘ rating. The firm raised its price target for the company to $27 from $21.
In the past 52 weeks, shares of Long Island City, New York-based passenger carrier company have traded between a low of $7.96 and a high of $21.28 and are now at $20.61. Shares are up 166.80% year-over-year and 30.71% year-to-date.
Analysts at Raymond James upgraded their rating on the shares of ARRIS Group, Inc. (ARRS). In a research note published on Thursday, the firm lifted the name with a ‘Strong Buy‘ from ‘Outperform‘ rating.
ARRS shares recently lost 76c to $33.92. The stock is up more than 33% year-over-year and has gained roughly 15% year-to-date. In the past 52 weeks, shares of the Charlotte, North Carolina-based company have traded between a low of $23.71 and a high of $37.50.
ARRIS Group, Inc. closed Wednesday at $34.68. The name has a current market cap of $4.91 billion.
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