Guggenheim Initiates Equinix (EQIX) with “Buy” and $933 Price Target

Equinix, Inc. (NASDAQ:EQIX) is one of Goldman Sachs’ top REIT stock picks. On July 9, Guggenheim initiated coverage on Equinix, assigning a “Buy” rating with a price target of $933.

Guggenheim Initiates Equinix (EQIX) with “Buy” and $933 Price Target

A powerful aerial view of the company’s data center, exemplifying the digital services and informatics being offered.

The firm identified Equinix as one of the two very large publicly traded data center operators benefiting from its scale in capital access and technology deployment. He highlighted the company’s annual revenue, which reached $8.8 billion, growing at a 5.7% rate. Guggenheim anticipates Equinix will become a leading force as consolidation reshapes the data center landscape.

Equinix, Inc. (NASDAQ:EQIX) is a global REIT specializing in interconnected data center infrastructure. It operates over 270 facilities across 74 metro areas on six continents. Through its Platform Equinix framework, the company delivers secure colocation, cloud on-ramps, and interconnection services that support hybrid multi-cloud deployments and AI-ready compute environments.

While we acknowledge the potential of EQIX 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 EQIX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Goldman Sachs Healthcare Stocks: Top 10 Stock Picks and 11 Best Green Energy Penny Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.