Cogent Communications (CCOI) Stock Forecast & Price Target

$79.40 +1.59 (+2.04%)

(As of 11/15/2024 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

Moderate Buy

Based on 8 Analyst Ratings

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
1.07% 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 1.07% from the current price of $79.40.

CCOI Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$80.25	$77.14	$75.86	$77.33
Forecasted Upside	1.07% Upside	-9.19% Downside	3.26% Upside	17.89% Upside
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Moderate Buy

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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	2.63	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.07% Upside	551.81% Upside	9.87% Upside
News Sentiment Rating	Positive News See Recent CCOI News	Positive 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
11/14/2024	UBS Group 4 of 5 stars		Initiated Coverage	Buy	$102.00	+29.70%
10/4/2024	The Goldman Sachs Group 2 of 5 stars	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$62.00 ➝ $71.00	-7.25%
9/3/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$74.00 ➝ $74.00	+6.98%
8/27/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $90.00	+23.61%
8/21/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$75.00 ➝ $65.00	-13.02%
8/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $82.00	+11.63%
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8/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:41 PM 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 year. 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 1.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Cogent Communications's stock had 1 upgrade and 1 downgrade by analysts.
: Cogent Communications has been rated by research analysts at Bank of America, Citigroup, KeyCorp, Royal Bank of Canada, 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 2.67. Learn more on how CCOI compares to other companies.

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This page (NASDAQ:CCOI) was last updated on 11/16/2024 by MarketBeat.com Staff

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Cogent Communications (CCOI) Stock Forecast & Price Target