5 Best Technology Stocks to Buy According to Ian Simm’s Impax Management

4. Equinix, Inc. (NASDAQ:EQIX)

Impax Management’s Stake Value: $490,925,000

Percentage of Impax Management’s 13F Portfolio: 2.35%

Number of Hedge Fund Holders (Q1): 40

Equinix, Inc. (NASDAQ:EQIX) is one of the largest data center operators in the world. Although classified as a specialized REIT, the stock of Equinix, Inc. (NASDAQ:EQIX) usually follows the trajectory of the broader tech industry.

On July 28, Oppenheimer analyst, Timothy Horan, upgraded Equinix, Inc.’s (NASDAQ:EQIX) stock to ‘Outperform’ from ‘Market Perform’ but maintained his price target on it of $750. In his note to clients, Mr. Horan wrote:

“EQIX is the primary on-ramp for the cloud, with critical infrastructure and major barriers to entry giving it strong pricing power, which it is now using, and it is recession resistant, and relatively attractive, if the ten-year yield has peaked, which it likely has.”