35 Trending AI Stocks on Latest News and Analyst Ratings

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16. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 56  

Equinix, Inc. (NASDAQ:EQIX) is a California-based real estate trust that operates data centers and other technology assets. Mizuho recently raised the price target on the stock to $971 from $873 and kept an Outperform rating on the shares after speaking with management. The company’s cab’s billing growth will improve in the second half of 2024 and when combined with strong pricing power, there is upside to monthly recurring revenue, the advisory told investors in a research note. The investment firm sees multiple levers of earnings and sales growth for Equinix. While still a small part of the business, the company suggested a very robust demand pipeline for its xScale portfolio, added Mizuho.

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