Cogent Communications (CCOI) PT Lowered to $62 at TD Cowen

TD Cowen analyst Greg Williams lowered the price target on Cogent Communications (NASDAQ: CCOI) to $62.00 (from $77.00) while maintaining a Buy rating.

The analyst comments "CCOI (Buy) - Downside 2Q25 EBITDA, Downside Waves Installs; Data Center Sales Still TBD - Lowering PT to $62 from $77. CCOI posted downside 2Q25 EBITDA, downside Waves installs, and no meaningful updates on the data center sale progress. Mgmt. commentary on all 3 issues was constructive: 1) increasing the LT EBITDA expansion guide, 2) more confident than ever on Waves, and 3) not coming off the $10MM/MW data center valuation. All three clearly are "show me" stories that will take several quarters to prove out."

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