Analyst Price Target Update on Gogo (NASDAQ:GOGO)

Gogo (NASDAQ:GOGO): 3 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $18 in Gogo (NASDAQ:GOGO). However, the stock price could fluctuate by $ 7.55 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $26 price target with the lower price estimate is calculated at $11

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Quality Assurance) of Gogo Inc., Takhsh Arbela had sold 500 shares worth of $9,000 in a transaction dated November 24, 2015. In this transaction, 500 shares were sold at $18 per share.

Gogo (NASDAQ:GOGO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.16 points or 1.78% at $8.81 with 1,236,630 shares getting traded. Post opening the session at $8.99, the shares hit an intraday low of $8.74 and an intraday high of $9.02 and the price was in this range throughout the day. The company has a market cap of $757 million and the number of outstanding shares have been calculated to be 85,956,266 shares. The 52-week high of Gogo (NASDAQ:GOGO) is $23.2 and the 52-week low is $7.9.

Gogo Inc. is a holding company. The Company is an aero communications service provider. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). Its services include global network solutions, which include ATG/ATG-4, Ku/2Ku, Global Xpress and Iridium and SwiftBroadband (SBB); equipment and equipment related services, which include a package of airborne equipment for its ATG/ATG-4 and satellite services; passenger services, which include passenger connectivity, passenger entertainment and portal content; airline/owner/operator services, which include account support, network monitoring and management services, passenger support services and portal design, development and hosting, and operations-oriented communications services, which include providing commercial airlines and business aircraft owners and operators the access to use applications requiring connectivity.

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