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.