Cogent Communications (CCOI) Stock Forecast & Price Target

$73.74

-0.99 (-1.32%)

(As of 08/21/2024 ET)

Cogent Communications - Analysts' Recommendations 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.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Cogent Communications in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 2 have given a hold rating, and 4 have given a buy rating for CCOI.

Consensus Price Target

$74.43
0.93% Upside

High Forecast	$82.00
Average Forecast	$74.43
Low Forecast	$62.00

According to the 7 analysts' twelve-month price targets for Cogent Communications, the average price target is $74.43. The highest price target for CCOI is $82.00, while the lowest price target for CCOI is $62.00. The average price target represents a forecasted upside of 0.93% from the current price of $73.74.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	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	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$74.43	$73.57	$75.14	$74.10
Forecasted Upside	0.93% Upside	15.77% Upside	15.79% Upside	14.95% Upside

Get Cogent Communications Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for CCOI and its competitors with MarketBeat's FREE daily newsletter.

Ad DTI

Air Force quietly working with sub $10 stock on new tech

There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.

You need to check out the full story right here.

CCOI Analyst Recommendations 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	2.43	2.62	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	0.93% Upside	353.88% Upside	8.74% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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
8/21/2024	Bank of America 4 of 5 stars		Downgrade	Neutral ➝ Underperform	$75.00 ➝ $65.00	-13.02%
8/19/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$70.00 ➝ $82.00	+11.63%
8/12/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$70.00 ➝ $76.00	+6.86%
8/9/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$78.00 ➝ $82.00	+16.08%
8/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$56.00 ➝ $62.00	-12.39%
7/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$74.00 ➝ $74.00	+8.97%
Get the Latest News and Ratings for CCOI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cogent Communications and its competitors with MarketBeat's FREE daily newsletter.
5/10/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$88.00 ➝ $80.00	+34.82%
5/22/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
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
11/17/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$93.00	+62.67%
11/4/2022	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight	$55.00 ➝ $53.00	-1.85%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:04 AM ET.

CCOI Forecast - Frequently Asked Questions

What is Cogent Communications' forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Cogent Communications is $74.43, with a high forecast of $82.00 and a low forecast of $62.00.
Should I buy or sell Cogent Communications stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There is currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CCOI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCOI, but not buy additional shares or sell existing shares.
Does Cogent Communications's stock price have much upside?: According to analysts, Cogent Communications's stock has a predicted upside of 6.77% based on their 12-month stock forecasts.
Has Cogent Communications been downgraded by Wall Street analysts recently?: Over the previous 90 days, Cogent Communications's stock had 1 downgrade by analysts.
What analysts cover Cogent Communications?: Cogent Communications has been rated by research analysts at Bank of America, Citigroup, JPMorgan Chase & Co., Royal Bank of Canada, TD Cowen, and The Goldman Sachs Group in the past 90 days.
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 for Cogent Communications is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CCOI compares to other companies.