Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Gogo Inc (NASDAQ: GOGO) improved recently. GOGO’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Gogo Inc (NASDAQ: GOGO) stock rose slightly by 0.1% on 9/20/24. The stock closed at $6.89. Moreover, trading volume in this advance was unusually high at 187% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.5% during the last week.
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). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gogo has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 34, and the Low Neutral Value Trend Rating results.
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