Form 8-K Gogo Inc. For: Feb 28

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Go back to Form 8-K Gogo Inc. For: Feb 28

JPMorgan Assumes Gogo (GOGO) at Neutral, 'We see limited near term catalysts'

February 29, 2024 5:55 AM EST

JPMorgan analyst Nikhil Aluru assumes coverage on Gogo (NASDAQ: GOGO) with a Neutral rating and a price target of $11.00.

The analyst comments "Gogo reported strong 4Q23 earnings with revenue, EBITDA, and FCF ahead of our estimates but provided soft 2024 guidance on the back of a slower shipment outlook, incremental delays to the 5G launch, the projected mix shift to Galileo, and elevated costs associated to the launch of 5G and Galileo.... More