Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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28. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 56  

Argus recently lowered the price target on Equinix, Inc. (NASDAQ:EQIX) to $955 from $972 but kept a Buy rating on the shares. EQIX is a California-based real estate trust that operates data centers and other technology assets. In an investor note, the analyst highlighted that the stock had been volatile, reflecting Information Technology sector rotation, though the advisory continued to see positive momentum for the shares based on fundamental growth and positive momentum in the income sector. Argus added that it sees data storage business as a good investment, with strong growth prospects in the EMEA and APAC regions offsetting slower growth in North America.

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