Equinix Inc (NASDAQ:EQIX) is one of the best data center stocks to invest in according to billionaires. Equinix shares have gained more than 45% over the past six months, and analysts still see upside potential in the stock.
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On June 3, Equinix Inc (NASDAQ:EQIX) was added to Citi’s Focus List. This is a high-conviction compilation of the firm’s top buy-rated stock ideas. Citi has a Buy rating on Equinix stock with a price target of $1,240.
The firm based its latest call on Equinix on continued growth of the company’s recurring revenue. Citi sees Equinix’s recurring revenue growth hitting the high end of the guided range for 2026. Equinix’s recurring revenue is expected to grow 9% to 10% this year, and Citi believes this growth can extend beyond 2026.
In Q1 2026, Equinix’s recurring revenue increased 12% YoY to $2.33 billion. Total revenue rose 10% to $2.44 billion. The company reported robust demand for its AI, cloud, and networking solutions during the quarter. The strong start to the year led Equinix to raise its 2026 outlook. The company anticipates 2026 total revenue in the range of $10.1 billion to $10.2 billion, indicating a growth of between 10% and 11%.
On May 14, Equinix Inc. announced the global rollout of Equinix Fabric Geo Zones, a new network‑level sovereignty enforcement layer built into Equinix Fabric. The service addresses rising compliance risks from network rerouting events that can inadvertently move sovereign data across borders. By keeping traffic strictly within defined geographic boundaries, Geo Zones ensures enterprises meet legal data residency requirements while operating across interconnected clouds and providers. This expansion reinforces Equinix’s role as a leader in data center compliance and hybrid multicloud infrastructure.
Equinix Inc (NASDAQ:EQIX) is a digital infrastructure company. It operates a global network of data centers through which it provides colocation, secure physical hosting, and on-demand interconnections. The company’s infrastructure allows seamless connectivity across clouds and networks.
While we acknowledge the risk and potential of EQIX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQIX and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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