Goldman Sachs Maintains Neutral on Cogent Comms Hldgs, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst James Schneider maintains a Neutral rating on Cogent Comms Hldgs (NASDAQ:CCOI) but raises the price target from $62 to $71.
October 04, 2024 | 3:50 pm
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Goldman Sachs has maintained a Neutral rating on Cogent Comms Hldgs but increased the price target from $62 to $71, indicating a positive outlook despite the neutral stance.
The increase in price target from $62 to $71 suggests a positive outlook for Cogent Comms Hldgs, which could lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100