Wall Street Sees a 180% Upside to Cogent Communications (CCOI)

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is one of the best dividend stocks to buy. As of December 5, the average price target for CCOI suggests an upside of 38%, however, the Street high indicates an upside of 180%.

Previously, on November 12, Jonathan Atkin from RBC Capital assigned a Hold rating on Cogent Communications Holdings, Inc. (NASDAQ:CCOI) with a $23 price target.

Separately, Cogent Communications disclosed on November 17 that it has resumed the share repurchase initiative. The stock buyback program enables the company to buy back stock, but it does not have to purchase a specified amount.

Earlier, the company reported its financial results for the third quarter of 2025. The Q3 service revenue came in at $241.9 million, down 1.7% from the last quarter and 5.9% from the prior-year quarter. Moreover, on-net revenue for Q3 stood at $135.3 million, up 2.2% from the preceding quarter and down 0.9% compared to the third quarter in 2024. Off-net revenue came in at $95.1 million, down 14.5% compared to the prior-year quarter, while Wavelength revenue was $10.2 million for Q3 2025, up 92.5% year-over-year. As of September 30, 2025, customer connections were 118,279, down 6.4% from the same quarter in 2024 and 0.4% from Q2 2025.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) offers high-speed internet, private networks, and data center space worldwide to small and medium-sized businesses, service providers, and other organizations.

While we acknowledge the risk and potential of CCOI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CCOI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure. None.