Gogo's 5G Rollout, Faster Synergies, Strong Free Cash Flow Outlook Prompt Analyst Optimism
Gogo's strong Q1 performance and raised EBITDA and revenue outlook are positive signs, though market share concerns exist.
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Gogo's strong Q1 performance and raised EBITDA and revenue outlook are positive signs, though market share concerns exist.
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JPMorgan maintains a Neutral rating and $11 price target on GOGO. Gogo's Q1 results beat expectations with a revenue forecast of $906 million. Petti anticipates strong cash flow generation and buybacks resuming by 2026. Analyst notes GOGO's growth strategy needs further acceleration. Shares rose 13.64% to $12.50 following positive performance indicators.
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