JPMorgan Upgrades Cogent Communications to Overweight Amid AI Data Center Developments

JPMorgan has upgraded Cogent Communications to 'Overweight' from 'Neutral,' citing a favorable revenue mix shift and progress in selling data centers to reduce debt. The bank lowered its price target to $22, implying 34% upside from Monday's close, following a 29% drop in Cogent's shares after weak Q1 earnings.

By Liz Napolitano · CNBC · May 5, 2026, 12:09 UTC

Topics: analyst recommendation balance sheet data center sales earnings report stock upgrade

Read the full article at CNBC

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