Cogent Communications (CCOI) Stock Forecast & Price Target

$65.45

+1.59 (+2.49%)

(As of 12/1/2023 ET)

Today's Range: $63.34
▼
$65.69
50-Day Range: $59.37
▼
$68.24
52-Week Range: $54.57
▼
$75.00

Volume: 364,312 shs
Average Volume: 327,104 shs
Market Capitalization: $3.18 billion

P/E Ratio: 2.90
Dividend Yield: 5.84%
Price Target: $75.38

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 8 Analyst Ratings

Analysts' Consensus Price Target

$75.38
15.16% Upside

High Forecast	$85.00
Average Forecast	$75.38
Low Forecast	$60.00

Type	Current Forecast 12/2/22 to 12/2/23	1 Month Ago 11/2/22 to 11/2/23	3 Months Ago 9/3/22 to 9/3/23	1 Year Ago 12/2/21 to 12/2/22
Consensus Rating	Moderate Buy	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 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)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$75.38	$74.60	$74.10	$65.00
Predicted Upside	15.16% Upside	14.28% Upside	14.95% Upside	15.53% 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.

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.

Cogent Communications Stock vs. The Competition

Type	Cogent Communications	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.63	2.56	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	15.16% Upside	870.67% Upside	2,867.40% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$60.00 ➝ $67.00	+2.79%
9/5/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$69.00 ➝ $74.00	+3.77%
8/18/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$70.00 ➝ $82.00	+18.27%
8/11/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$77.00 ➝ $80.00	+21.27%
8/11/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$85.00	+28.85%
5/22/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
5/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$72.00 ➝ $70.00	+4.62%
5/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Buy	$45.00 ➝ $85.00	+24.76%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$57.00 ➝ $60.00	-4.21%
2/23/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Breen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform

(Data available from 12/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CCOI Price Target - Frequently Asked Questions

What is Cogent Communications's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for Cogent Communications stock is Moderate Buy based on the current 3 hold ratings and 5 buy ratings for CCOI. The average twelve-month price prediction for Cogent Communications is $75.38 with a high price target of $85.00 and a low price target of $60.00. Learn more on CCOI's analyst rating history.
Do Wall Street analysts like Cogent Communications more than its competitors?: Analysts like Cogent Communications more than other Computer and Technology companies. The consensus rating score for Cogent Communications is 2.63 while the average consensus rating score for computer and technology companies is 2.56. Learn more on how CCOI compares to other companies.
Does Cogent Communications's stock price have much upside?: According to analysts, Cogent Communications's stock has a predicted upside of 12.89% based on their 12-month stock forecasts.

What analysts cover Cogent Communications?: Cogent Communications has been rated by Royal Bank of Canada, and The Goldman Sachs Group in the past 90 days.

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This page (NASDAQ:CCOI) was last updated on 12/2/2023 by MarketBeat.com Staff

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