Analyst Gregory Williams from TD Cowen maintained a Buy rating on Cogent Comms and keeping the price target at $40.00.
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Gregory Williams has given his Buy rating due to a combination of factors tied to both valuation and upcoming catalysts. He expects first-quarter revenue and EBITDA to largely match expectations, while emphasizing that the shares currently trade near the low end of their historical valuation range, creating an attractive entry point for investors.
He highlights three key potential value drivers: the planned divestiture of 10 data centers, growing momentum in the company’s Waves product offering, and the opportunity to refinance the $750 million in 2027 debt maturities before they become current in June. While he does not anticipate these issues being fully resolved in the immediate quarter, he believes that successful progress on any of them could unlock substantial upside in Cogent’s stock over time.