Gogo - GOGO Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" GOGO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GOGO, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 1 year price objectives for Gogo's shares. Their GOGO share price forecasts range from $15.00 to $26.00. On average, they predict the company's stock price to reach $20.50 in the next year. This suggests a possible upside of 46.6% from the stock's current price.
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Gogo's stock was trading at $14.76 at the start of the year. Since then, GOGO stock has decreased by 5.3% and is now trading at $13.98.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our GOGO earnings forecast.

Gogo Inc. (NASDAQ:GOGO) posted its earnings results on Tuesday, February, 28th. The technology company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.06. The technology company earned $108.16 million during the quarter, compared to analysts' expectations of $107.16 million. Gogo had a negative trailing twelve-month return on equity of 56.06% and a net margin of 22.78%. The business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS.

ETFs with the largest weight of Gogo (NASDAQ:GOGO) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), SPDR S&P Telecom ETF (XTL), Invesco DWA Technology Momentum ETF (PTF), Syntax Stratified SmallCap ETF (SSLY), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco S&P SmallCap Momentum ETF (XSMO) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).

Gogo issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $440.00 million-$455.00 million, compared to the consensus revenue estimate of $449.62 million.

32 employees have rated Gogo Chief Executive Officer Oakleigh Thorne on Glassdoor.com. Oakleigh Thorne has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gogo investors own include CA (CA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Endologix (ELGX), Chipotle Mexican Grill (CMG), BlackRock (BLK), Twitter (TWTR) and Intel (INTC).

Gogo trades on the NASDAQ under the ticker symbol "GOGO."

Gogo's stock is owned by a variety of retail and institutional investors. Top institutional investors include Lord Abbett & CO. LLC (1.88%), Capco Asset Management LLC (1.11%), William Blair Investment Management LLC (0.96%), Geode Capital Management LLC (0.91%), Millennium Management LLC (0.85%) and Schonfeld Strategic Advisors LLC (0.76%). Insiders that own company stock include (Equity) Holdings Lp Silver, Charles C Townsend, Jessica Betjemann, John Wade, Marguerite M Elias, Michael P Bayer, Mudrick Capital Management, L and Robert L Crandall.
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Shares of GOGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GOGO stock can currently be purchased for approximately $13.98.

Gogo (NASDAQ:GOGO) has a market capitalization of $1.79 billion and generates $404.07 million in revenue each year. The technology company earns $92.06 million in net income (profit) each year or $0.71 on an earnings per share basis.

The company employs 376 workers across the globe.

Gogo's mailing address is 111 NORTH CANAL STREET SUITE 1500, CHICAGO IL, 60606. The official website for the company is www.gogoair.com. The technology company can be reached via phone at (303) 301-3271 or via email at ir@gogoair.com.