Roth MKM Maintains Buy on Gogo, Lowers Price Target to $17.5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle has maintained a Buy rating on Gogo (NASDAQ:GOGO) but reduced the price target from $18.75 to $17.5.

December 12, 2023 | 3:50 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Roth MKM has maintained a Buy rating on Gogo but lowered the price target from $18.75 to $17.5, indicating continued confidence but with a slightly reduced growth expectation.
The reduction in price target by Roth MKM suggests a minor adjustment in the expected stock performance of Gogo, likely due to new data or market conditions. However, the maintenance of a Buy rating indicates that the overall positive outlook on the company remains unchanged. This could lead to a neutral short-term impact on the stock as the market digests the mixed signals of a lower price target with a maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100