Gogo (NASDAQ:GOGO) Upgraded at Wall Street Zen

Posted by Brenda Bartman on Sep 8th, 2026

Wall Street Zen upgraded shares of Gogo (NASDAQ:GOGO – Free Report) from a sell rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

GOGO has been the subject of several other reports. Weiss Ratings downgraded shares of Gogo from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Zacks Research cut Gogo from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Morgan Stanley cut their price target on shares of Gogo from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Finally, Roth Capital reaffirmed a “buy” rating on shares of Gogo in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $8.50.

Get Our Latest Analysis on Gogo

Gogo Stock Performance

NASDAQ GOGO opened at $2.84 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.21 and a debt-to-equity ratio of 6.74. The firm’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $3.91. The firm has a market capitalization of $384.85 million, a P/E ratio of 284.00 and a beta of 1.03. Gogo has a 1 year low of $2.45 and a 1 year high of $11.11.

Gogo (NASDAQ:GOGO – Get Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $222.81 million during the quarter, compared to analyst estimates of $229.35 million. Gogo had a negative net margin of 0.09% and a positive return on equity of 22.55%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. As a group, research analysts anticipate that Gogo will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC bought a new stake in shares of Gogo during the second quarter worth about $26,962,966. BlackRock Inc. purchased a new position in shares of Gogo in the 2nd quarter worth about $18,984,000. Bank of America Corp DE bought a new stake in Gogo in the second quarter worth about $16,029,000. Millennium Management LLC raised its stake in shares of Gogo by 774.0% in the fourth quarter. Millennium Management LLC now owns 2,355,573 shares of the technology company’s stock valued at $10,977,000 after buying an additional 2,086,042 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Gogo in the fourth quarter valued at approximately $5,250,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

About Gogo

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Gogo Inc is a leading provider of in-flight connectivity and entertainment solutions for commercial and business aviation. The company specializes in delivering broadband internet, voice and text services, and streaming entertainment to passengers at 35,000 feet. Gogo’s offerings include both air-to-ground (ATG) networks and satellite-based connectivity, enabling reliable in-flight internet access across a range of aircraft types.

Gogo’s ATG network spans the United States and portions of Canada, using ground towers to transmit data signals directly to equipped aircraft.