Equinix, Inc. is a global digital infrastructure company operating as a REIT with a market cap of $78.4 billion. The company will report its fiscal third-quarter earnings on Oct. 29, with analysts expecting an FFO of $8.20 per share, down 9.4% YoY. For the full year, analysts predict FFO of $33.88 per share, down 3.3% from fiscal 2024.

EQIX stock has underperformed the S&P 500 and XLRE over the past 52 weeks, with shares down 8%. The company’s weak performance is attributed to a cautious growth outlook and plans for substantial long-term investments to expand data center capacity for AI demand, disappointing investors.

Despite recent challenges, analysts maintain a bullish outlook on EQIX stock, with an overall “Strong Buy” rating. Out of 30 analysts, 21 advise a “Strong Buy,” two suggest a “Moderate Buy,” and seven give a “Hold.” The average analyst price target is $962.85, signaling a potential 20.3% upside from current levels.

Read more at Yahoo Finance: Here’s What to Expect From Equinix’s Next Earnings Report