Recent important positive changes in fundamentals have benefitted Gogo Inc (NASDAQ: GOGO): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Gogo Inc (NASDAQ: GOGO): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GOGO is expected to continue to be a major Value Builder.
Gogo has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gogo has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 35, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Gogo Inc (NASDAQ: GOGO) stock closed at $9.83 on 7/5/24 after a modest gain of 0.5%. However, this advance was accompanied by exceptionally low trading volume at 44% of normal. The stock has been weak relative to the market over the last nine months but has risen 5.9% during the last week.
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