Gogo - GOGO Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last twelve months. There are currently 2 hold ratings 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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2 Wall Street analysts have issued 12 month price objectives for Gogo's shares. Their GOGO share price forecasts range from $15.00 to $26.00. On average, they expect the company's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 30.6% from the stock's current price.
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Gogo's stock was trading at $13.53 at the beginning of the year. Since then, GOGO shares have increased by 13.2% and is now trading at $15.31.
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Gogo saw a decrease in short interest in November. As of November 15th, there was short interest totaling 4,410,000 shares, a decrease of 23.7% from the October 31st total of 5,780,000 shares. Based on an average trading volume of 852,000 shares, the short-interest ratio is presently 5.2 days. Approximately 6.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
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Gogo Inc. (NASDAQ:GOGO) issued its earnings results on Thursday, November, 4th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. The technology company earned $87.20 million during the quarter, compared to analysts' expectations of $84.25 million. Gogo had a net margin of 72.93% and a negative trailing twelve-month return on equity of 39.26%. The company's revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) earnings per share.

Gogo updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $395.00 million-$405.00 million, compared to the consensus revenue estimate of $399.50 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.98%), Vanguard Group Inc. (4.38%), Tenzing Global Management LLC (2.16%), Lord Abbett & CO. LLC (2.07%), State Street Corp (1.71%) and Capco Asset Management LLC (1.01%). 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 $15.31.

Gogo (NASDAQ:GOGO) has a market capitalization of $1.95 billion and generates $335.72 million in revenue each year. The technology company earns $152.74 million in net income (profit) each year or $2.10 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.