Gogo (NASDAQ:GOGO) updated its first quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $73 million-$73 million, compared to the consensus revenue estimate of $73.85 million.
Several research firms have recently weighed in on GOGO. William Blair upgraded Gogo from a market perform rating to an outperform rating in a research note on Sunday, April 4th. Cowen upgraded Gogo from a market perform rating to an outperform rating and boosted their price target for the stock from $12.00 to $14.00 in a research note on Wednesday, April 14th. Zacks Investment Research cut Gogo from a buy rating to a hold rating in a research note on Wednesday, March 17th. Morgan Stanley restated an equal weight rating and issued a $13.00 price target on shares of Gogo in a research note on Monday, March 1st. Finally, JPMorgan Chase & Co. cut Gogo from a neutral rating to an underweight rating and set a $10.00 price target for the company. in a research note on Monday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Gogo currently has an average rating of Hold and an average target price of $10.50.
Gogo stock traded up $0.20 during mid-day trading on Tuesday, reaching $10.52. 90,677 shares of the stock traded hands, compared to its average volume of 2,799,177. The stock has a market capitalization of $968.71 million, a PE ratio of -3.08 and a beta of 1.48. Gogo has a 12-month low of $1.33 and a 12-month high of $17.23. The business’s 50-day moving average is $10.37 and its 200-day moving average is $10.86.
Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA).
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