Roth MKM Maintains Buy Rating for Gogo: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Roth MKM has maintained its Buy rating on Gogo Inc (NASDAQ:GOGO) but reduced its price target from $18.75 to $17.50. Gogo's shares are currently trading at $10.21, and the new price target suggests a potential upside of 71.4%. Gogo provides in-flight connectivity and entertainment services to the aviation industry.
December 12, 2023 | 5:00 pm
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Roth MKM maintains a Buy rating on Gogo with a reduced price target of $17.50, indicating a significant potential upside from the current trading price.
The maintenance of a Buy rating by Roth MKM suggests continued confidence in Gogo's business prospects, while the price target reduction might reflect adjustments in market conditions or company valuation. The significant potential upside indicated by the new price target could positively influence investor sentiment and drive short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100