11 Best Strong Buy Stocks to Invest in Now

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3. Equinix, Inc. (NASDAQ:EQIX)

Analyst Upside: 36.55%

Number of Hedge Fund Holders: 70

Equinix, Inc. (NASDAQ:EQIX) is one of the 11 Best Strong Buy Stocks to Invest in Now. On June 26, Raymond James analyst Frank Louthan double downgraded Equinix, Inc. (NASDAQ:EQIX) to Market Perform from Strong Buy without a price target after analyst day. The analyst stated that Equinix, Inc. (NASDAQ:EQIX) is in the middle of a multi-year shift in its business as it is endeavoring to position itself better for AI-based demand by doubling its capacity.

Louthan told investors in a research note that although these changes are likely to prove beneficial for the company in the long term, saying that “there will be some pain out of the gate, as indicated by the front end of the guidance.”

The firm further stated that Equinix, Inc. (NASDAQ:EQIX) has “muted” growth rates in the short term, and the spending outlook has a material uptick over the coming years as the company focuses on doubling its overall capacity.

Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure company with a platform that interconnects foundational infrastructure. Its offerings include interconnection services, digital services, data center services, and support services. The company operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia-Pacific.

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