Gogo (GOGO) : Zacks Investment Research ranks Gogo (GOGO) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.4, which indicates as a Buy.
Gogo (GOGO) stock is expected to deviate a maximum of $7.55 from the average target price of $18 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $11.
For the current week, the company shares have a recommendation consensus of Buy.
Gogo (NASDAQ:GOGO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.80 and $8.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.92, notching a gain of 2.88% for the day. The total traded volume was 1,612,990 . The stock had closed at $8.67 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.