10 Best Data Center Stocks to Buy in July

7. Equinix, Inc. (NASDAQ:EQIX)

Market Cap: $98.51 billion

Number of Hedge Fund Holders: 65

Equinix, Inc. (NASDAQ:EQIX) is one of the 10 Best Data Center Stocks to Buy in July. On Tuesday, the stock closed 2.41% higher at $1,022.93. Of the 33 analyst ratings compiled by CNN, 79% rated the stock Buy, while 21% assigned a Hold rating. The stock currently has a median price target of $1,212.50, an 18.53% upside from its current price.

Earlier on July 1, TheFly reported that Barclays increased its price target on Equinix to $1,130 from $1,109 while maintaining an Equal Weight rating on the stock. The analyst attributed the upward adjustment to its increased targets in the communications infrastructure real estate investment trust group, citing higher growth expectations than previously modeled. Barclays noted that firms in the sector are benefiting from ongoing hyperscale demand and accelerating enterprise AI demand.

Similarly, on June 29, Citi analyst Michael Rollins also increased the price target on Equinix to $1,260 from $1,240 while maintaining a Buy rating on the stock, according to a report by TheFly. The analyst cited that the company is benefiting from the ongoing growth in cloud and AI workloads.

Equinix, Inc. (NASDAQ:EQIX) is a leading global data center and colocation provider. Its digital infrastructure, data center footprint, and interconnected ecosystems empower innovations that enhance our work, life, and planet. Equinix connects economies, countries, organizations, and communities, delivering seamless digital experiences and cutting-edge AI—quickly, efficiently, and everywhere.