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Cogent Communications (CCOI) Stock Forecast & Price Target

Cogent Communications logo
$77.34 +2.42 (+3.23%)
(As of 12/20/2024 05:16 PM ET)

Cogent Communications - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
1
Hold
2
Buy
5

Based on 8 Wall Street analysts who have issued ratings for Cogent Communications in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 1 has given a sell rating, 2 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for CCOI.

Consensus Price Target

$80.25
3.76% Upside
According to the 8 analysts' twelve-month price targets for Cogent Communications, the average price target is $80.25. The highest price target for CCOI is $102.00, while the lowest price target for CCOI is $65.00. The average price target represents a forecasted upside of 3.76% from the current price of $77.34.
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CCOI Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$80.25$80.25$75.86$75.38
Forecasted Upside3.76% Upside-3.49% Downside4.06% Upside0.62% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy

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.
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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
2.63
2.69
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside3.76% Upside265.04% Upside14.54% Upside
News Sentiment Rating
Positive News

See Recent CCOI News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/14/2024UBS Group
4 of 5 stars
 Initiated CoverageBuy$102.00+29.70%
10/4/2024The Goldman Sachs Group
2 of 5 stars
J. Schneider
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Boost TargetNeutral ➝ Neutral$62.00 ➝ $71.00-7.25%
9/3/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$74.00 ➝ $74.00+6.98%
8/27/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$80.00 ➝ $90.00+23.61%
8/21/2024Bank of America
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 DowngradeNeutral ➝ Underperform$75.00 ➝ $65.00-13.02%
8/19/2024Citigroup
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 Boost TargetBuy ➝ Buy$70.00 ➝ $82.00+11.63%
8/12/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$70.00 ➝ $76.00+6.86%
8/9/2024TD Cowen
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 Boost TargetBuy ➝ Buy$78.00 ➝ $82.00+16.08%
5/22/2023888
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 Reiterated RatingReiterates
2/24/2023Credit Suisse Group
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 Boost TargetNeutral$57.00 ➝ $60.00-4.21%
2/23/2023William Blair
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J. Breen
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Reiterated RatingOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:57 AM ET.


CCOI Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Cogent Communications is $80.25, with a high forecast of $102.00 and a low forecast of $65.00.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last twelve months. There is currently 1 sell rating, 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CCOI shares.

According to analysts, Cogent Communications's stock has a predicted upside of 3.76% based on their 12-month stock forecasts.

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

Cogent Communications has been rated by research analysts at The Goldman Sachs Group, and UBS Group in the past 90 days.

Analysts like Cogent Communications less 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 2.69. Learn more on how CCOI compares to other companies.


This page (NASDAQ:CCOI) was last updated on 12/22/2024 by MarketBeat.com Staff
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