Evercore Partners Upgrades Gogo to “Overweight” (GOGO)
Gogo (NASDAQ:GOGO) was upgraded by Evercore Partners from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $26.00 target price on the stock. Evercore Partners’ price target would suggest a potential upside of 30.00% from the stock’s previous close.
Separately, analysts at JPMorgan Chase & Co. downgraded shares of Gogo from an “overweight” rating to a “neutral” rating in a research note on Friday, November 22nd. They now have a $28.00 price target on the stock, down previously from $30.00. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Gogo currently has an average rating of “Hold” and a consensus target price of $26.67.
Shares of Gogo (NASDAQ:GOGO) traded up 6.65% during mid-day trading on Wednesday, hitting $21.33. 1,921,056 shares of the company’s stock traded hands. Gogo has a 52 week low of $9.71 and a 52 week high of $35.77. The stock’s 50-day moving average is $22.22 and its 200-day moving average is $19.98. The company’s market cap is $1.794 billion.
Gogo Inc is a holding company. The Company operates through its two operating subsidiaries, Gogo LLC and Aircell Business Aviation Services LLC.
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