Top Wall Street Forecasters Revamp Gogo Price Expectations Ahead Of Q4 Earnings

Financial Results - Gogo Inc. is set to release its fourth-quarter financial results on March 14, with analysts expecting earnings of 9 cents per share, a decrease from 11 cents per share in the same quarter last year [1] - The projected quarterly revenue is $97.8 million, slightly down from$97.81 million a year earlier [1] Acquisition and Leadership Changes - On December 4, 2024, Gogo completed its acquisition of Satcom Direct and appointed Chris Moore, the President of SD, as the new CEO of Gogo [2] - Following the announcement, Gogo shares fell by 1.2%, closing at $6.87 [2] Analyst Ratings - Roth MKM analyst Scott Searle maintains a Buy rating with a price target of$15.5 as of September 17, 2024, with a 70% accuracy rate [4] - Morgan Stanley analyst Simon Flannery has an Equal-Weight rating and reduced the price target from $12 to$11 on September 3, 2024, with a 66% accuracy rate [4] - JP Morgan analyst Philip Cusick holds a Neutral rating and lowered the price target from $11 to$10 on August 8, 2024, with a 63% accuracy rate [4]