Deutsche Bank (DE:DBKGn) analyst Matthew Niknam maintained a Buy rating on CyrusOne (NASDAQ:CONE) on Wednesday, setting a price target of $85, which is approximately 22.28% above the present share price of $69.51.
Niknam expects CyrusOne to post earnings per share (EPS) of $0.15 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in CyrusOne, with an average price target of $80.45.
The analysts price targets range from a high of $85 to a low of $72.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $298.6 million and a net profit of $14.6 million. The company's market cap is $8.52 billion.
According to TipRanks.com, Deutsche Bank analyst Matthew Niknam is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.3% and a 73.47% success rate.
CyrusOne, Inc. is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. The firm provides data center facilities that protect and ensure the continued operation of IT infrastructure. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers. The company was founded on July 31, 2012 and is headquartered in Dallas, TX.