2024-03-12 01:55:32 ET
Summary
- Gogo, Inc. released Q4 earnings on February 28th beating revenue by $1.32 million and missing EPS by $0.02.
- I believe the market is overreacting to volatility in the equipment business and short term cash flow contraction.
- Gogo has set up solid growth opportunities for its service business, and demographic trends are a tailwind.
- With a price target of $18.40 and a low share price, I raise my rating from buy to strong buy.
I am revisiting my previous analysis of Gogo, Inc. ( GOGO ), in light of Q4 and full-year 2023 earnings....
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For further details see:
Gogo Q4 2023: Focus On The Service Business (Rating Upgrade)