Gogo (GOGO) Receives Price Target

Gogo (GOGO) : The highest short term price target forecast on Gogo (GOGO) is $14 and the lowest target price is $8. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $11 with a standard deviation of $4.24.

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.


Also, In the latest statement by the brokerage house, Standpoint Research downgrades its outlook on Gogo (NASDAQ:GOGO). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 18, 2016.

Gogo (NASDAQ:GOGO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.19 and $12.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.53, notching a gain of 2.45% for the day. The total traded volume was 1,598,557 . The stock had closed at $12.23 on the previous day.

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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