Analyst Projects Recovery In Cogent's Core Business, Sees Path Towards $500M+ EBITDA
Portfolio Pulse from Nabaparna Bhattacharya
KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating on Cogent Communications Holdings, Inc. (CCOI), raising the price target to $80 from $77. Despite CCOI missing Q2 FY23 service revenue consensus, the analyst expects a recovery in CCOI's core business and sees a path towards $500M+ EBITDA. Nispel also anticipates CCOI to start on T-Mobile US, Inc. (TMUS) T-Mobile Wireline's profitability through network savings, headcount reduction, and growth in Wavelength sales.
August 11, 2023 | 7:45 pm
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POSITIVE IMPACT
KeyBanc analyst expects a recovery in Cogent Communications' core business and sees a path towards $500M+ EBITDA, raising the price target to $80.
The analyst's positive outlook and raised price target for CCOI indicates a potential increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The analyst expects Cogent Communications to start on T-Mobile US, Inc.'s Wireline's profitability through network savings, headcount reduction, and growth in Wavelength sales.
The news about Cogent Communications starting on T-Mobile's Wireline's profitability could have an indirect impact on T-Mobile's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50