Price Target Update on Gogo (NASDAQ:GOGO)

Gogo (NASDAQ:GOGO) : The highest level Gogo (NASDAQ:GOGO) is projected to reach is $26 for the short term and the lowest estimate is at $11. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $18 and the possibility the share price can swing is $7.55.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Macquarie maintains its rating on Gogo (NASDAQ:GOGO). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Macquarie lowers the price target from $19 per share to $13 per share. The rating by the firm was issued on February 23, 2016.

Gogo (NASDAQ:GOGO): stock turned positive on Thursday. Though the stock opened at $8.38, the bulls momentum made the stock top out at $9 level for the day. The stock recorded a low of $8.375 and closed the trading day at $8.88, in the green by 6.99%. The total traded volume for the day was 1,898,875. The stock had closed at $8.3 in the previous days trading.

The company shares have dropped -64.16% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $23.20 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $9.59 and the 200 Day Moving Average price is recorded at $12.33. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Takhsh Arbela, officer (SVP, Quality Assurance) of Gogo Inc., had unloaded 500 shares at an average price of $18 in a transaction dated on November 24, 2015. The total value of the transaction was worth $9,000.

Gogo Inc. is a holding company. The Company is an aero communications service provider. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). Its services include global network solutions, which include ATG/ATG-4, Ku/2Ku, Global Xpress and Iridium and SwiftBroadband (SBB); equipment and equipment related services, which include a package of airborne equipment for its ATG/ATG-4 and satellite services; passenger services, which include passenger connectivity, passenger entertainment and portal content; airline/owner/operator services, which include account support, network monitoring and management services, passenger support services and portal design, development and hosting, and operations-oriented communications services, which include providing commercial airlines and business aircraft owners and operators the access to use applications requiring connectivity.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.