Deutsche Bank Maintains Equinix Rating And $100 PT

Deutsche Bank said today that it came away from Equinix, Inc.'s (NASDAQ: EQIX) analyst day with a slightly more positive view on the company.

“We thought the company did a good job addressing many investor concerns, highlighting its future growth potential and stressing the company's competitive advantages,” Deutsche Bank writes. “We see significant upside for the stock as emerging growth drivers of cloud, mobile data and video increase the demand for low latency, network centric data centers. We maintain our Buy and $100 PT.”

Equinix currently trades at $85.79.