Gogo price target lowered to $12 from $13 at Roth Capital

Roth Capital lowered the firm’s price target on Gogo (GOGO) to $12 from $13 and keeps a Buy rating on the shares post the Q1 report. The firm says the “near-term complication” for Gogo remains the transition of the legacy base in 2026. However, with a return to Services growth on Galileo, 5G and government opportunities, investors will revisit the stock, the analyst tells investors in a research note.