Gogo Advances with Galileo Antennas Roll-Out

The latest announcement is out from Gogo ( (GOGO) ).

Gogo Inc. is progressing with the roll-out of its Galileo HDX and FDX antennas and plans to launch its 5G network by January 2026. The company maintains a strong relationship with long-standing partner NetJets, which supports Gogo’s products and services. Gogo is also exploring new opportunities with fleet operators like VistaJet, Avcon Jet, and Lux Aviation, representing a potential market of over 1,000 aircraft.

The most recent analyst rating on (GOGO) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Gogo stock, see the GOGO Stock Forecast page.

Spark’s Take on GOGO Stock

According to Spark, TipRanks’ AI Analyst, GOGO is a Neutral.

Gogo’s overall stock score reflects a mix of strengths and weaknesses. The most significant factor is the company’s financial performance, which shows strong revenue growth but is hampered by negative net income and high leverage. Technical analysis indicates bearish momentum, while valuation metrics are unattractive due to a negative P/E ratio. The earnings call provides some optimism with strategic initiatives and contract wins, but challenges remain.

To see Spark’s full report on GOGO stock, click here.

More about Gogo

Gogo Inc. operates in the telecommunications industry, focusing on providing in-flight connectivity solutions. The company’s primary products include advanced antenna systems like the Galileo HDX and FDX, and they are planning to launch a 5G network. Gogo’s market focus includes both new and existing customers, with significant business opportunities among fleet operators.

Average Trading Volume: 2,023,388

Technical Sentiment Signal: Sell

Current Market Cap: $903.5M

For a thorough assessment of GOGO stock, go to TipRanks’ Stock Analysis page.