Morgan Stanley lowered the firm’s price target on Gogo (GOGO) to $8 from $15 and keeps an Equal Weight rating on the shares. In the Services vertical of Space Technology, the firm sees debate centering on how “Direct-to-Device” takes further shape in 2026, the analyst tells investors. The firm is lowering its Gogo target as it rolls its valuation forward and revisits model assumptions into 2026, which it expects to be “a low-growth year” amid multiple product transitions.
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