Raymond James upgrades Equinix stock rating to Strong Buy on AI demand
Raymond James upgraded Equinix's stock rating to Strong Buy, citing accelerating AI-driven demand and strong execution despite a slight earnings miss in Q1 2026. The company raised its full-year guidance and delivered revenue of $2.4 billion, reflecting 8% year-over-year growth. Although the stock trades near its 52-week high and appears overvalued on a P/E basis, investor confidence remains strong.
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Investing.com - Raymond James upgraded Equinix (NASDAQ:EQIX) to Strong Buy from Market Perform and maintained a $1,250.00 price target on the stock. The upgrade follows the company’s first-quarter 2026 results. Equinix slightly missed Raymond James estimates but raised its 2026 guidance across the board and issued favorable second-quarter 2026 guidance. The stock has surged 43% year-to-date and trades near its 52-week high of $1,129, reflecting strong investor confidence. According to InvestingPro Tips, 3 analysts have revised their earnings upwards for the upcoming period. Raymond James said Equinix is benefiting from AI-based demand and its unique assets. The firm cited cross connect strength, AI traction, and the fabric product benefiting from inferencing and agentic AI.
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