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MSFT   401.43 (-0.70%)
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TSLA   149.62 (-0.21%)
NVDA   818.41 (-3.34%)
AMD   150.06 (-3.24%)
NIO   3.86 (-3.50%)
BABA   68.88 (+0.00%)
T   16.29 (-0.24%)
F   12.11 (+0.41%)
MU   107.65 (-3.82%)
GE   150.59 (-1.54%)
CGC   7.74 (-1.15%)
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Cogent Communications (CCOI) Stock Forecast & Price Target

$62.97
-0.16 (-0.25%)
(As of 11:22 AM ET)

Cogent Communications Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Analysts' Consensus Price Target

$77.57
23.19% Upside
High Forecast$88.00
Average Forecast$77.57
Low Forecast$67.00
TypeCurrent Forecast
4/20/23 to 4/19/24
1 Month Ago
3/21/23 to 3/20/24
3 Months Ago
1/20/23 to 1/20/24
1 Year Ago
4/20/22 to 4/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
5 Buy rating(s)
3 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$77.57$77.57$75.38$65.13
Predicted Upside23.19% Upside6.08% Upside12.89% Upside11.51% Upside
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CCOI Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CCOI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cogent Communications Stock vs. The Competition

TypeCogent CommunicationsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.50
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside22.88% Upside112.01% Upside12.32% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/7/2024Bank of America
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 DowngradeBuy ➝ Neutral$85.00 ➝ $75.00+4.62%
3/6/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$74.00 ➝ $73.00-0.50%
3/1/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$85.00 ➝ $88.00+12.52%
3/1/2024TD Cowen
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 Boost TargetOutperform ➝ Outperform$81.00 ➝ $84.00+3.82%
11/10/2023The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$60.00 ➝ $67.00+2.79%
9/5/2023Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$69.00 ➝ $74.00+3.77%
8/18/2023Citigroup
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 Boost Target$70.00 ➝ $82.00+18.27%
5/22/2023888
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 Reiterated RatingReiterates

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:43 AM ET.

CCOI Price Target - Frequently Asked Questions

What is Cogent Communications's consensus rating and price target?

According to the issued ratings of 6 analysts in the last year, the consensus rating for Cogent Communications stock is Moderate Buy based on the current 3 hold ratings and 3 buy ratings for CCOI. The average twelve-month price prediction for Cogent Communications is $77.57 with a high price target of $88.00 and a low price target of $67.00. Learn more on CCOI's analyst rating history.

Do Wall Street analysts like Cogent Communications more than its competitors?

Analysts like Cogent Communications less than other Computer and Technology companies. The consensus rating score for Cogent Communications is 2.50 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how CCOI compares to other companies.

Is Cogent Communications being downgraded by Wall Street analysts?

Over the previous 90 days, Cogent Communications's stock had 1 downgrade by analysts.

Does Cogent Communications's stock price have much upside?

According to analysts, Cogent Communications's stock has a predicted upside of 6.08% based on their 12-month stock forecasts.

What analysts cover Cogent Communications?

Cogent Communications has been rated by Bank of America, JPMorgan Chase & Co., KeyCorp, and TD Cowen in the past 90 days.


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This page (NASDAQ:CCOI) was last updated on 4/19/2024 by MarketBeat.com Staff

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