Gogo resumed with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Justin Lang resumed coverage of Gogo (GOGO) with an Equal Weight rating and $15 price target The firm says the company is undergoing a “pivotal transition” as digests the December 2024 Satcom Direct acquisition. While the integration is bringing more savings than originally anticipated, Gogo’s 2025 is still marked by limited new product revenue and elevated investment as it gets ready for near-term product ramps, the analyst tells investors in a research note. Morgan Stanley sees a balanced risk/reward at current share levels.