Gogo (GOGO) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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 brokers 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 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 $14.76 at the beginning of the year. Since then, GOGO shares have increased by 6.4% and is now trading at $15.70.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our GOGO earnings forecast.

Gogo Inc. (NASDAQ:GOGO) issued its quarterly earnings data on Wednesday, May, 3rd. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The technology company earned $98.60 million during the quarter, compared to analysts' expectations of $101.26 million. Gogo had a negative trailing twelve-month return on equity of 77.87% and a net margin of 22.03%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS.

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

Gogo updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $440.00 million-$455.00 million, compared to the consensus revenue estimate of $443.87 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.38%), FMR LLC (4.20%), State Street Corp (1.70%), William Blair Investment Management LLC (1.03%), Dimensional Fund Advisors LP (0.98%) and Geode Capital Management LLC (0.94%). Insiders that own company stock include (Equity) Holdings Lp Silver, 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 $15.70.

Gogo (NASDAQ:GOGO) has a market capitalization of $2.02 billion and generates $404.07 million in revenue each year. The technology company earns $92.06 million in net income (profit) each year or $0.68 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.