5 Best Data Center REITs to Buy According to Analysts

​2. Equinix, Inc. (NASDAQ:EQIX)

Analyst Upside: 13.10%

Number of Hedge Fund Holders: 51

​Equinix, Inc. (NASDAQ:EQIX) is one of the Best Data Center REITs to Buy According to Analysts. Recently, on May 7, Mizuho analyst Vikram Malhotra raised the firm’s price target on Equinix, Inc. (NASDAQ:EQIX) from $1,165 to $1,200 and maintained a Buy rating on the shares.

​The rating comes after the company released its fiscal Q1 2026 results on April 29. During the quarter, the company posted $2.3 billion recurring revenue, 10% year-over-year and beating the high end of expectations on normalized and constant currency basis. The total revenue was $2.44 billion, up 6.84% year-over-year.  The EPS came in at $4.20, reflecting 20% increase over the same quarter of the previous year.

​Following the release, Bernstein SocGen Group reiterated a Buy rating on the shares with a price target of $1,222. The firm highlighted the interconnection segment as a key driver of growth. The company grew its interconnection revenue by 9%, driven by 26% growth in Fabric revenue. Moreover, the Fabric bookings also rose 70% year-over-year. The firm noted that the segment represents almost 17% of the company’s total revenue and is considered high margin. Moreover, the company has also added more than 110 Neocloud nodes across its footprint.

​Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure and data center company that provides colocation, interconnection, and cloud services to businesses worldwide.