In a report released today, Greg Gibas from Northland Securities maintained a Hold rating on Gogo (GOGO). The company’s shares closed last Tuesday at $7.37, close to its 52-week high of $8.00.
According to TipRanks.com, Gibas is a 5-star analyst with an average return of 42.0% and a 73.5% success rate. Gibas covers the Financial sector, focusing on stocks such as Accel Entertainment, AYR Strategies, and KLDiscovery.
Currently, the analyst consensus on Gogo is a Moderate Buy with an average price target of $10.00, which is a 61.2% upside from current levels. In a report issued on August 31, Raymond James also reiterated a Hold rating on the stock.
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The company has a one-year high of $8.00 and a one-year low of $1.33. Currently, Gogo has an average volume of 3.82M.
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Gogo, Inc. engages in the provision of in-flight broadband connectivity and wireless entertainment services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded in 1991 and is headquartered in Chicago, IL.
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