Gogo (GOGO) : 2 brokerage houses believe that Gogo (GOGO) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gogo (GOGO). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.
Gogo (GOGO) stock is expected to deviate a maximum of $6.36 from the average target price of $12.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $17 and the most muted being $8.
For the current week, the company shares have a recommendation consensus of Buy.
Gogo (NASDAQ:GOGO): The stock opened at $8.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.57 for the day. The stock traded down to $8.28 during the day, due to lack of any buying support eventually closed down at $8.42 with a loss of -0.94% for the day. The stock had closed at $8.50 on the previous day. The total traded volume was 1,289,834 shares.
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.