Gogo Q2 2024: Well Positioned To Soar On Tailwinds
GOGOGogo(GOGO) Seeking Alpha·2024-08-20 21:39

halbergman I am revisiting my previous analysis of Gogo, Inc. (NASDAQ:NASDAQ:GOGO) in light of Q2 2024 earnings and the recent announcement of SmartSky's closing. I previously rated Gogo a strong buy for the following reasons: DCF analysis suggested a price target of 18.40,upfrom18.40, up from 8.90 at the time. Gogo's core service business continued to grow quarter-over-quarter despite expected volatility in the equipment business. Demographic trends for private jet ownership were heavily in Gogo's favor. Since ...