KeyBanc Cuts Cogent Communications Price Target to $25 After Mixed Q4
KeyBanc maintained an Overweight rating on Cogent Communications, cutting its price target from $30 to $25 after mixed fourth quarter results prompted analysts to slash forecasts. Shares fell 8.85% to $16.94, trading between $16.88 and $18.26, with market capitalization at $832.1 million and international operations under scrutiny.
1. KeyBanc Rating and Price Target Cut
KeyBanc maintained its Overweight rating on Cogent Communications but cut its price target from $30 to $25, reflecting concerns over the company’s recent performance. The adjustment comes after assessments of the fourth quarter results and international market dynamics.
2. Mixed Fourth Quarter Results and Analyst Forecast Slashes
Cogent posted mixed results for the quarter ending December 2025, with revenue growth in international markets offset by weaker domestic demand. These outcomes led multiple analysts to slash their earnings and revenue forecasts for the upcoming fiscal year.
3. Market Reaction and Trading Metrics
Shares fell 8.85% to $16.94, trading between $16.88 and $18.26 on February 23. The company’s market capitalization stands at $832.1 million, with a trading volume of 894,671 shares and a 52-week range of $15.96 to $80.45.