10 AI News Updates on Wall Street’s Radar

3. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 55

Equinix, Inc. (NASDAQ:EQIX) provides digital infrastructure and interconnection services to help organizations scale, enhance digital services, and achieve sustainability goals.

On February 11, TipRanks reported that Bank of America Securities analyst David Barden reaffirmed a Buy rating on Equinix (NASDAQ:EQIX) with a $1,080 price target. He mentioned the company’s strong market position and growth potential and noted that Equinix now trades at a premium in the Communications Infrastructure sector. Some important factors include enterprise demand, pricing power, and expansion of its xScale data center business. The company is building a major xScale campus and pursuing land and power acquisitions through a joint venture, reinforcing its long-term growth strategy.