Cogent’s Price Target Slashed 23% to $40 by TD Cowen
TD Cowen lowered Cogent’s price target by 23% to $40 from $52, reflecting the firm’s revised revenue and margin forecasts. This adjustment signals tempered growth expectations for the network services provider’s upcoming fiscal periods.
1. TD Cowen Cuts Price Target
TD Cowen lowered its 12-month price target for Cogent Communications from $52 to $40, a 23% reduction driven by updated revenue and margin assumptions. The adjustment incorporates softer demand projections for the company’s internet and data transport services and reflects a more cautious outlook on near-term growth.
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