In this article, we will list the 5 Best Edge Computing Stocks to Buy Right Now. Please visit 10 Best Edge Computing Stocks to Buy Right Now if you would like to see the extended list and the methodology behind it.
5. Alphabet Inc. (NASDAQ:GOOGL)
On April 24, 2026, Bloomberg reported that Alphabet Inc. (NASDAQ:GOOGL) plans to invest up to $40 billion in Anthropic, with both companies confirming the expansion of their partnership as competition intensifies in artificial intelligence. Anthropic said the agreement builds on an existing relationship, with Google already providing access to its Claude models through Google Cloud.
On April 22, 2026, ServiceNow and Google Cloud announced an expanded partnership at Google Cloud Next, introducing AI solutions and agents designed to enable more autonomous operations across areas such as 5G networking, retail, and IT systems. The companies said the initiative reflects a shared vision of AI agents working across platforms to detect and resolve issues before they impact customers.
Also on April 22, 2026, BMO Capital raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $410 from $400 and maintained an Outperform rating. The firm said the stock remains a preferred way to gain exposure to AI, pointing to Alphabet’s positioning across the AI stack and web traffic data suggesting accelerating year-over-year growth in visits to Google.com, supported by integration of AI features in search.
Alphabet Inc. (NASDAQ:GOOGL) operates through Google Services, Google Cloud, and Other Bets, offering a range of digital products and platforms globally.
4. Equinix, Inc. (NASDAQ:EQIX)
On April 23, 2026, SpinLaunch selected Equinix, Inc. (NASDAQ:EQIX) to support the global deployment of its Meridian Space satellite constellation. Under the agreement, SpinLaunch will use Equinix’s network of more than 280 interconnected data centers to deploy ultra-compact teleports as part of its satellite infrastructure.
On April 22, 2026, Stifel raised its price target on Equinix, Inc. (NASDAQ:EQIX) to $1,250 from $1,075 and maintained a Buy rating. The firm remains constructive on data center REITs heading into Q1 earnings, citing AI-driven demand that continues to outpace supply, and said Equinix and Digital Realty are positioned to benefit given access to power, infrastructure, and strong balance sheets.
A day earlier, Wells Fargo raised its price target on Equinix, Inc. (NASDAQ:EQIX) to $1,200 from $975 and kept an Overweight rating, noting rising colocation and enterprise demand along with pricing strength, while also pointing out that recent outperformance raises expectations for future results.
Equinix, Inc. (NASDAQ:EQIX) operates a global digital infrastructure platform and data center network that enables connectivity and data exchange worldwide.
3. Digital Realty Trust, Inc. (NYSE:DLR)
On April 24, 2026, UBS raised the price target on Digital Realty Trust, Inc. (NYSE:DLR) to $227 from $225 and maintained a Buy rating, citing continued momentum from AI-driven demand across both hyperscale and enterprise customers.
Similarly, Goldman Sachs analyst Michael Ng raised the firm’s price target on Digital Realty Trust, Inc. (NYSE:DLR) to $215 from $190 and kept a Buy rating following a strong Q1. The firm noted upside in EBITDA, cash flow, and bookings, along with higher 2026 guidance supported by demand for interconnection capacity and faster leasing activity. Goldman Sachs also highlighted record bookings, including a large hyperscaler AI inference deal in Charlotte, as well as growing backlog and high preleasing rates supporting the company’s medium-term outlook.
A day earlier, Digital Realty reported Q1 core FFO of $2.04, above the $1.94 consensus, and revenue of $1.635B versus the $1.6B consensus. Andy Power pointed to accelerating demand and record interconnection leasing, including the largest hyperscale lease in the company’s history, which contributed to double-digit growth in core FFO per share. The company also said it is expanding AI-focused capacity and strengthening its global portfolio while broadening its capital base. Digital Realty expects FY26 core FFO of $8.00 to $8.10, compared to a $7.95 consensus.
Digital Realty Trust, Inc. (NYSE:DLR) owns, develops, and operates data centers, offering colocation and interconnection solutions to customers across multiple industries globally.
2. Rockwell Automation, Inc. (NYSE:ROK)
On April 17, 2026, Rockwell Automation, Inc. (NYSE:ROK) announced that David Zapico was elected to its board of directors, effective April 16. David Zapico currently serves as Chairman and CEO of AMETEK.
On April 7, 2026, Goldman Sachs lowered its price target on Rockwell Automation, Inc. (NYSE:ROK) to $448 from $458 previously and maintained a Neutral rating on the shares as part of a broader Q1 preview across multi-industry companies.
Earlier in the month, Barclays analyst Julian Mitchell lowered the firm’s price target on Rockwell Automation, Inc. (NYSE:ROK) to $400 from $450 and kept an Overweight rating on the shares. The firm adjusted targets across the sector, noting increased uncertainty around demand, though expectations have been somewhat reset.
Rockwell Automation, Inc. (NYSE:ROK) provides industrial automation and digital transformation solutions across global markets.
1. Cloudflare, Inc. (NYSE:NET)
On April 14, 2026, Piper Sandler upgraded Cloudflare, Inc. (NYSE:NET) to Overweight from Neutral with a $222 price target. The firm highlighted the company’s positioning across multiple areas, including Delivery, APSEC, NaaS, SASE, IAS, and IaaS, and said the shift toward edge distribution platforms supports Cloudflare’s role as a dominant player, with LLM relationships expected to support AI-driven growth.
On the same day, Cloudflare, Inc. (NYSE:NET) has introduced Cloudflare Mesh, describing it as a platform that unifies AI agents, users, and multicloud infrastructure into a single secure system to support development and governance of AI applications.
Earlier in April, Cloudflare, Inc. (NYSE:NET) and GoDaddy announced a strategic partnership aimed at giving website owners and AI developers more visibility and control over how content is used by AI systems. As part of the collaboration, GoDaddy will integrate Cloudflare’s AI Crawl Control into its hosting platform, enabling users to manage how AI-powered crawlers access their sites while supporting broader standards for identifying AI agents.
Cloudflare, Inc. (NYSE:NET) provides cloud-based security and infrastructure services across public and private cloud environments, SaaS applications, and IoT platforms.
While we acknowledge the potential of NET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NET and that has 100x upside potential, check out our report about the cheapest AI stock.
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