Gogo (GOGO) : 5 analysts are covering Gogo (GOGO) and their average rating on the stock is 2.4, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Gogo (GOGO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Gogo (GOGO) : The highest level Gogo (GOGO) is projected to reach is $14 for the short term and the lowest estimate is at $8. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $11 and the possibility the share price can swing is $4.24.
Also, Standpoint Research downgrades its rating on Gogo (NASDAQ:GOGO). Analysts at the Standpoint Research have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 18, 2016.
Gogo (NASDAQ:GOGO): After opening at $11.87, the stock dipped to an intraday low of $11.85 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.097 and the buying power remained strong till the end. The stock closed at $11.94 for the day, a gain of 0.51% for the day session. The total traded volume was 680,852. The stocks close on the previous trading day was $11.88.
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.