Gogo Q4 2023: Focus On The Service Business (Rating Upgrade) [Seeking Alpha]
Gogo Inc. (GOGO)
Last gogo inc. earnings: 3/13 07:00 am
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US:NASDAQ Investor Relations:
ir.gogoair.com/investor-overview
Company Research
Source: Seeking Alpha
I believe the market is overreacting to volatility in the equipment business and short term cash flow contraction. Gogo has set up solid growth opportunities for its service business, and demographic trends are a tailwind. With a price target of $18.40 and a low share price, I raise my rating from buy to strong buy. I am revisiting my previous analysis of Gogo, Inc. ( NASDAQ: GOGO ), in light of Q4 and full-year 2023 earnings. In my Q3 analysis, I rated Gogo a buy with a price target of $18.70. My buy rating was supported by the following: The subscription business continued to succeed, setting record revenue in the quarter and expanding margins Demographic trends were heavily in Gogo's favor DCF analysis at the mid-point of guidance showed a significant upside based on underlying industry trends Since then, Gogo is down nearly 16% while the S&P 500 is up more than 14%. This continues a downward trend, with Gogo falling more than 40% over the past year. Despite a sh
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GOGO
News
- Gogo Inc. to Report First Quarter 2024 Financial Results on May 7, 2024PR Newswire
- Gogo Inc. (NASDAQ: GOGO) had its price target lowered by analysts at Morgan Stanley from $15.00 to $12.00. They now have an "equal weight" rating on the stock.MarketBeat
- Gogo Secures FCC Regulatory Approval for Gogo Galileo TerminalsPR Newswire
- GOGO to Transform In-Flight Connectivity for Business Aviation [Yahoo! Finance]Yahoo! Finance
- Gogo Galileo Global Broadband Coming to European OperatorsPR Newswire
GOGO
Earnings
- 2/28/24 - In-Line
GOGO
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- GOGO's page on the SEC website