- JPMorgan analyst Philip Cusick upgraded Gogo Inc GOGO to Neutral from Underweight with a price target of $16, up from $11, implying a 6.81% upside.
- The company recently announced improved long-term financial targets based on record equipment sales, which management has now flowed through into overall long-term expectations, Cusick notes.
- The analyst likes the improving outlook at Gogo and expects the elevated level of activity will continue post-pandemic.
- He upgrades the stock to Neutral post the recent volatility.
- Price Action: GOGO shares traded higher by 3.40% at $15.49 in the premarket session on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In: Analyst ColorNewsUpgradesPrice TargetSmall CapAnalyst RatingsMoversTechTrading IdeasBriefs
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
