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.

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.

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