Cogent Communications Stock Plummets After Price Target Cut
Update: 2025-11-11
Description
Cogent Communications stock plummets by 5.1% following Goldman Sachs significant price target reduction from $40 to $25 per share, indicating a less optimistic outlook for the companys value. Despite the markets initial reaction suggesting minimal impact on investor views of Cogents core business, the stocks volatility and substantial year-to-date decline of 73.3% raise concerns for long-term investors, who would see a $1,000 investment five years ago dwindle to just $348.10.
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