Roth would use Gogo weakness as entry point

Roth Capital notes Gogo (GOGO) shares are under pressure after Q3 results and implied Q4 adjusted EBITDA guidance, but the firm contends that near-term negatives overshadow 5G, Galileo and even C1 momentum. The firm lowered its near-term Services sales and adjusted EBITDA estimates, but would use the weakness as an entry point and has a Buy rating and $16 price target on Gogo shares.