TD Cowen Maintains Outperform Rating for Cogent Comms Hldgs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
TD Cowen has reaffirmed its Outperform rating on Cogent Comms Hldgs (NASDAQ:CCOI), raising its price target from $81.00 to $84.00. Despite a slight 0.51% decrease in share price over the last 24 hours to $80.50, the new target suggests a potential 4.35% upside. Cogent, a major broadband provider for businesses, carries over a fifth of the world's internet traffic and generates over half of its revenue from corporate customers in North America.
March 01, 2024 | 5:00 pm
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TD Cowen reaffirms Outperform rating on CCOI, raising price target to $84. Despite a recent dip, the target suggests a 4.35% potential upside.
The reaffirmation of the Outperform rating and the increase in price target by TD Cowen are strong positive signals for CCOI. Despite a recent slight decrease in share price, the raised target indicates confidence in the company's future performance and potential for growth, likely influencing investor sentiment positively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100