Analysts Stay Bullish on Equinix (EQIX) as Bookings Momentum Holds

Equinix Inc. (NASDAQ:EQIX) is one of the best data center stocks to buy now. Equinix’s recent share price performance has been weak (down 18% YTD), particularly after its softer guidance in June.

That said, on August 12, 2025, Equinix Inc. (NASDAQ:EQIX) presented at the TD Cowen Communications Infrastructure Summit, where management outlined its capacity expansion plans and addressed ongoing operational challenges.

The company is shifting toward much larger builds, moving from 10 MW facilities to 30-60 MW sites, with plans for multi-hundred MW campuses.  This shift is driven by demand from hyperscale and enterprise clients. Under its “Build Bolder” program, management is prioritizing larger projects and flexible models to support AI and digital infrastructure needs.

Energy supply remains a key focus. Equinix Inc. (NASDAQ:EQIX) is pursuing a multi-layered approach, including on-site generation, building its substations, and working with utilities to ensure reliable power. These steps are intended to balance rising demand with capital efficiency.

On July 30, the company released a robust set of results, which JP Morgan praised in a post-results report. The analyst modestly raised his price target to $940 from $935 while reiterating an Overweight rating, and cited bookings momentum as the primary driver for his optimistic view.

More recently, analysts from Bank of America Securities and Evercore ISI also reiterated their Buy or equivalent ratings during August 11-14, with price targets of $950 and $960, respectively.

Equinix Inc. (NASDAQ:EQIX) is one of the largest third-party data center operators globally. The company focuses on colocation, interconnection, and internet connectivity.

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