Equinix Inc, a data center real estate investment trust (REIT), has seen its shares lag behind the market, declining 14.3% over the past 52 weeks while the S&P 500 gained 12.3%. In comparison to the Global X Data Center & Digital Infrastructure ETF, EQIX has underperformed with a 19.2% uptick over the past year. Despite this, the company’s Q3 results showed strong growth, leading to a 4.4% increase in its shares. Equinix raised its fiscal 2025 guidance, with adjusted EBITDA expected to be $4.5-$4.6 billion and AFFO per share forecasted between $37.95-$38.77, boosting investor confidence. Analysts have a consensus “Strong Buy” rating on the stock, with a mean price target of $969.22 representing a 24.4% premium from current levels. Andy Yu CFA from DBS has a Street-high price target of $1,218, suggesting a 56.3% potential upside.

Read more at Barchart: Is Wall Street Bullish or Bearish on Equinix Stock?