Mizuho Raises PT on Equinix, Inc. (EQIX)

​Equinix, Inc. (NASDAQ:EQIX) is one of the Best Data Center REITs to Buy According to Analysts.. Recently, on May 7, Mizuho analyst Vikram Malhotra raised the firm’s price target on Equinix, Inc. (NASDAQ:EQIX) from $1,165 to $1,200 and maintained a Buy rating on the shares.

​The rating comes after the company released its fiscal Q1 2026 results on April 29. During the quarter, the company posted $2.3 billion recurring revenue, 10% year-over-year and beating the high end of expectations on normalized and constant currency basis. The total revenue was $2.44 billion, up 6.84% year-over-year.  The EPS came in at $4.20, reflecting 20% increase over the same quarter of the previous year.

​Following the release, Bernstein SocGen Group reiterated a Buy rating on the shares with a price target of $1,222. The firm highlighted the interconnection segment as a key driver of growth. The company grew its interconnection revenue by 9%, driven by 26% growth in Fabric revenue. Moreover, the Fabric bookings also rose 70% year-over-year. The firm noted that the segment represents almost 17% of the company’s total revenue and is considered high margin. Moreover, the company has also added more than 110 Neocloud nodes across its footprint.

​Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure and data center company that provides colocation, interconnection, and cloud services to businesses worldwide.

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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