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Cogent Communications (CCOI) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CCOI Stock Forecast

Cogent Communications (CCOI) stock forecast, based on 11 Wall Street analysts, predicts a 12-month average price target of $80.83, with a high of $102.00 and a low of $62.00. This represents a 8.51% increase from the last price of $74.49.

$55 $65 $75 $85 $95 $105 High: $102 Avg: $80.83 Low: $62 Last Closed Price: $74.49

CCOI Stock Rating

Cogent Communications stock's rating consensus is Buy, based on 11 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 6 Buy (54.55%), 4 Hold (36.36%), 1 Sell (9.09%), and 0 Strong Sell (0.00%).

Buy
Total 11 0 1 4 6 Strong Sell Sell Hold Buy Strong Buy

CCOI Forecast vs Benchmarks

TypeNameUpside
StockCogent Communications8.51%
SectorCommunication Services Stocks 2.10%
IndustryTelecom Stocks 18.51%

Price Target Trends

1M3M12M
# Anlaysts-19
Avg Price Target-$102.00$78.00
Last Closing Price$74.49$74.49$74.49
Upside/Downside-36.93%4.71%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 251541213
Dec, 241541213
Nov, 243592221
Oct, 243492220
Sep, 243492119
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 14, 2024Christopher SchoellUBS$102.00$78.6429.70%36.93%
Sep 03, 2024Bora LeeRBC Capital$74.00$69.766.08%-0.66%
Aug 27, 2024Brandon NispelKeyBanc$90.00$73.1922.97%20.82%
Aug 20, 2024David BardenCitigroup$75.00$76.08-1.42%0.68%
Aug 19, 2024Michael RollinsCitigroup$82.00$73.4611.63%10.08%
Aug 09, 2024James SchneiderGoldman Sachs$62.00$71.49-13.27%-16.77%
Aug 09, 2024Greg WilliamsWilliams Trading$82.00$71.3514.93%10.08%
May 14, 2024Eric LuebchowWells Fargo$55.00$58.51-6.00%-26.16%
May 10, 2024Brandon NispelKeyBanc$80.00$61.7029.66%7.40%
Aug 11, 2023Brandon NispelLoop Capital Markets$80.00$69.6414.88%7.40%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Nov 14, 2024UBSBuyinitialise
Sep 03, 2024RBC CapitalOutperformOutperformhold
Aug 27, 2024KeyBancOverweightOverweighthold
Aug 21, 2024Bank of America SecuritiesBuyUnderperformdowngrade
Aug 20, 2024CitigroupNeutralNeutralhold
Aug 19, 2024Williams CapitalBuyBuyhold
Aug 19, 2024CitigroupBuyBuyhold
Aug 09, 2024Goldman SachsNeutralNeutralhold
Aug 09, 2024Cowen & Co.BuyBuyhold
Jul 29, 2024RBC CapitalBuyBuyhold

Financial Forecast

EPS Forecast

$-10 $-2 $6 $14 $22 $30 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$0.14$1.04$0.11$26.62-----
Avg Forecast$0.56$0.85$0.27$21.76$-4.71$-3.95$-2.09$-0.90$0.06
High Forecast$0.55$0.83$0.27$21.51$-4.83$-5.90$-4.30$-3.21$0.06
Low Forecast$0.57$0.86$0.28$22.21$-4.60$-2.00$-0.83$1.02$0.06
Surprise %-75.00%22.35%-59.26%22.33%-----

Revenue Forecast

$550M $730M $910M $1B $1B $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$568.10M$589.80M$599.60M$940.92M-----
Avg Forecast$567.97M$591.60M$598.65M$940.28M$1.04B$1.08B$1.18B$1.29B$1.39B
High Forecast$557.10M$580.28M$590.98M$937.67M$1.02B$1.07B$1.18B$1.29B$1.37B
Low Forecast$575.32M$599.25M$612.18M$942.43M$1.07B$1.11B$1.18B$1.30B$1.43B
Surprise %0.02%-0.30%0.16%0.07%-----

Net Income Forecast

$-500M $0 $500M $1B $2B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$6.22M$48.19M$5.15M$1.27B-----
Avg Forecast$-8.13M$30.18M$43.16M$1.27B$-225.43M$-211.75M$-121.94M$-129.06M$2.71M
High Forecast$-17.96M$22.16M$34.53M$1.02B$-230.86M$-282.48M$-205.68M$-153.72M$2.64M
Low Forecast$1.69M$38.20M$51.80M$1.53B$-220.00M$-95.60M$-39.55M$48.91M$2.80M
Surprise %-176.42%59.67%-88.08%------

CCOI Forecast FAQ

Is Cogent Communications stock a buy?

Cogent Communications stock has a consensus rating of Buy, based on 11 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 6 Buy, 4 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Cogent Communications is a favorable investment for most analysts.

What is Cogent Communications's price target?

Cogent Communications's price target, set by 11 Wall Street analysts, averages $80.83 over the next 12 months. The price target range spans from $62 at the low end to $102 at the high end, suggesting a potential 8.51% change from the previous close price of $74.49.

How does Cogent Communications stock forecast compare to the average forecast of its sector, industry, and investment themes?

Cogent Communications stock forecast shows a 8.51% upside, outperforming the average forecast for the communication services stocks sector (2.10%) and underperforming the telecom stocks industry (18.51%).

What is the breakdown of analyst ratings for Cogent Communications over the past three months?

  • January 2025: 7.69% Strong Buy, 38.46% Buy, 30.77% Hold, 7.69% Sell, 15.38% Strong Sell.
  • December 2024: 7.69% Strong Buy, 38.46% Buy, 30.77% Hold, 7.69% Sell, 15.38% Strong Sell.
  • November 2024: 14.29% Strong Buy, 23.81% Buy, 42.86% Hold, 9.52% Sell, 9.52% Strong Sell.

What is Cogent Communications’s EPS forecast?

Cogent Communications's average annual EPS forecast for its fiscal year ending in December is -4.71 for 2024, a -117.69% decrease from the reported $26.62 in 2023. The prediction for 2025 is $-3.95, $-2.09 for 2026, $-0.9 for 2027, and $0.06 for 2028.

What is Cogent Communications’s revenue forecast?

Cogent Communications's average annual revenue forecast for its fiscal year ending in December is $1.04B for 2024, a 10.75% increase from the reported $940.92M in 2023. The forecast for 2025 is $1.08B, $1.18B for 2026, $1.29B for 2027, and $1.39B for 2028.

What is Cogent Communications’s net income forecast?

For its fiscal year ending in December, Cogent Communications's average annual net income forecast is $-225M for 2024, reflecting a -117.70% decrease from the reported $1.27B in 2023. The projection for 2025 is $-212M, $-122M for 2026, $-129M for 2027, and $2.71M for 2028.