Gogo Faces Downgrade Amid Rising Pressure from Starlink, Says William Blair
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Source: SeekingAlpha
Stock Performance: Gogo's shares have fallen to a five-year low due to increased competition from Starlink and high net debt, prompting a downgrade from William Blair to Market Perform.
Business Risks: There is a significant risk of losing key clients like NetJets to Starlink, which could impact Gogo's revenue, especially as the company transitions to its AVANCE system.
Future Prospects: Gogo is set to launch its 5G service in Q4 and its Galileo satellite internet system is gaining customer traction, which may enhance service quality.
Market Sentiment: Despite some analysts rating Gogo as a Buy, Seeking Alpha's Quant rating gives it a Strong Sell with a low score of 1.19 out of 5, reflecting ongoing concerns about its financial health.
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Analyst Views on GOGO
Wall Street analysts forecast GOGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOGO is 12.00 USD with a low forecast of 11.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 4.540
Low
11.00
Averages
12.00
High
13.00
Current: 4.540
Low
11.00
Averages
12.00
High
13.00
About GOGO
Gogo Inc. is an in-flight connectivity provider offering connectivity technology for business and military/government aviation. The Company’s product portfolio offers solutions for all aircraft types, from small to large, heavy jets, and beyond. The Company has two reportable segments: the legacy pre-acquisition operations of the Company, (Gogo BA) and the acquired entities, Satcom Direct. The Gogo BA segment provides in-flight connectivity for business aviation via air-to-ground (ATG) and satellite networks. The Satcom Direct segment provides global satellite-based communication solutions primarily for business and military/government aircraft. It offers a comprehensive portfolio of products and services consisting of its in-flight systems, in-flight services, aviation partner support, engineering, design and development services, and production operations functions. Its product platform includes three components: networks, antennas, and airborne equipment and software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gogo Completes 5G Air-to-Ground Network Testing, Launching Service in 2026
- Successful Flight Testing: Gogo has completed over 30 hours of flight testing in North America, validating the full capabilities of its first 5G air-to-ground network, which is set to provide high-speed, low-latency connectivity to customers starting January 2026, significantly enhancing the flying experience.
- Rapid Customer Growth: The company has onboarded its first paying customer, with an additional 450 pre-provisioned aircraft expected to utilize the service from January 2026 onwards, indicating strong market demand and driving potential revenue growth.
- Technology Optimization: During testing, the 5G network achieved download speeds exceeding 80Mbps and upload speeds of 20Mbps, enabling simultaneous streaming and internet browsing, which meets the needs of data-hungry users and strengthens Gogo's competitive position in the aviation connectivity market.
- Market Potential Unlocked: The 33 STCs cover all major aircraft types, unlocking a market of over 7,500 aircraft, showcasing Gogo's robust growth momentum in the aviation connectivity sector and the potential for further market share expansion in the future.
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Gogo Completes 5G Air-to-Ground Network Testing, Launching January 2026
- Successful Flight Testing: Gogo completed over 30 hours of flight testing to validate its first-ever 5G air-to-ground network, which is set to launch in January 2026, significantly enhancing customer satisfaction with high-speed connectivity.
- High-Speed Connectivity: During tests, the 5G network achieved download speeds exceeding 80Mbps and upload speeds of 20Mbps, enabling users to stream and browse the internet simultaneously, thus meeting the demands of data-hungry passengers.
- Customer Expansion: Gogo has onboarded its first paying customer, with an additional 450 pre-provisioned aircraft ready to utilize the service in January 2026, indicating strong market demand and substantial growth potential ahead.
- Market Coverage Expansion: By signing contracts for 33 STCs, Gogo unlocks a market of over 7,500 aircraft, which is expected to further drive the company's growth and competitiveness in the aviation connectivity sector.
Continue Reading