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Equinix, Inc. (NASDAQ:EQIX) is one of the

10 Best Performing Data Center Stocks So Far in 2026.

On May 5, 2026, Deutsche Bank raised the firm’s price target on Equinix, Inc. (NASDAQ:EQIX) to $1,207 from $1,042 previously and maintained a Buy rating on the shares following the company’s Q1 results.

Truist also raised the firm’s price target on Equinix, Inc. (NASDAQ:EQIX) to $1,215 from $1,127 while reiterating a Buy rating. The firm said it has become increasingly constructive on Equinix’s ability to deliver approximately 10% compound annual growth in funds from operations per share over the next several years.

Last month, Equinix, Inc. (NASDAQ:EQIX) reported Q1 adjusted funds from operations of $10.79 per share, versus the consensus estimate of $10.89. Revenue totaled $2.44B, versus the consensus estimate of $2.51B. CEO Adaire Fox-Martin said the company continued to see strong demand across its business, supported by customer spending on AI, cloud, and networking infrastructure solutions. Management also highlighted double-digit recurring revenue growth alongside margin improvement during the quarter.

Equinix raised its 2026 AFFO guidance range to $42.31-$43.11 per share from its prior outlook of $41.93-$42.74. Fox-Martin added that the company’s infrastructure platform continues to support enterprise innovation while strengthening Equinix’s broader market position.

Equinix, Inc. (NASDAQ:EQIX) operates digital infrastructure and interconnected data center ecosystems that support cloud, networking, and enterprise connectivity services globally.

While we acknowledge the potential of EQIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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