10 Best Under-the-Radar Data Center Stocks to Buy

8. Equinix, Inc. (NASDAQ:EQIX)

Market Cap: $108.71 billion

Number of Hedge Fund Holders: 51

Equinix, Inc. (NASDAQ:EQIX) is one of the best under-the-radar data stocks to buy. The stock jumped 39.33% from a year ago, while it registered a 44.26% increase year-to-date. According to a report by TheFly on April 22, Stifel raised its price target on Equinix to $1,250 from $1,075 and maintained a Buy rating on the stock as it believes that the company is well-positioned to gain advantage from the AI-driven data center demand.

On April 21, Wells Fargo also boosted its price target on Equinix to $1,200 from $975 and kept an Overweight rating on the stock as it adjusted its estimates before the first quarter earnings report.

Earlier in March, Equinix announced global investments in workforce development to help build the next generation of technical talent for the digital infrastructure industry. This includes the global launch of its Pathways to Tech program, an early–career talent program that opens inclusive pathways into data center operations for students aged 14–18.

Equinix, Inc. (NASDAQ:EQIX) shortens the path to boundless connectivity worldwide. 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.