Analyst Projects Recovery In Cogent’s Core Business, Sees Path Towards $500M+ EBITDA

KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating on Cogent Communications Holdings, Inc. (NASDAQ:CCOI), raising the price target to $80 from $77.

The company recently reported second-quarter FY23 service revenue growth of 61.5% year-over-year to $239.81 million, missing the consensus of $264.06 million.