Mizuho Raises PT on Equinix, Inc. (EQIX)

​The standing comes aft the institution released its fiscal Q1 2026 results connected April 29. During the quarter, the institution posted $2.3 cardinal recurring revenue, 10% year-over-year and beating the precocious extremity of expectations connected normalized and changeless currency basis. The full gross was $2.44 billion, up 6.84% year-over-year.  The EPS came successful astatine $4.20, reflecting 20% summation implicit the aforesaid 4th of the erstwhile year.

​Following the release, Bernstein SocGen Group reiterated a Buy standing connected the shares with a terms people of $1,222. The steadfast highlighted the interconnection conception arsenic a cardinal operator of growth. The institution grew its interconnection gross by 9%, driven by 26% maturation successful Fabric revenue. Moreover, the Fabric bookings besides roseate 70% year-over-year. The steadfast noted that the conception represents astir 17% of the company’s full gross and is considered precocious margin. Moreover, the institution has besides added much than 110 Neocloud nodes crossed its footprint.

​Equinix, Inc. (NASDAQ:EQIX) is simply a integer infrastructure and information halfway institution that provides colocation, interconnection, and unreality services to businesses worldwide.

While we admit the imaginable of EQIX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 Best Stocks to Buy While the Market Is Down and 8 Best Quantum Computing Stocks to Buy and Hold for 10 Years. 

Disclosure: None. Insider Monkey focuses connected uncovering the champion concern ideas of hedge funds and insiders. Please subscribe to our escaped regular e-newsletter to get the latest concern ideas from hedge funds’ capitalist letters by entering your email code below.