Roth ‘increasingly positive’ about multiple expansion for Gogo

Roth Capital analyst Scott Searle maintains a Buy rating on Gogo (GOGO) with a $16.50 price target after the company confirmed its first successful end-to-end 5G call utilizing the GCT Semi chipset. The news “continues to derisk” Gogo’s 5G headwinds and places air-to-ground services on a path to return to growth in 2026, the analyst tells investors in a research note. Roth is are “increasingly positive” about sustained growth and multiple expansion for Gogo.