Stock Price Prediction

GOGO stock has a bullish outlook with an analyst target price of $12.75, representing a 79.07% upside from its current price of $7.12. This optimism is driven by reduced short interest and potential recovery after two years of losses. However, the stock remains volatile, testing the lower end of its trading range.

GOGO stock is currently bearish as it hit a two-month low, dropping 8.5% last week and another 5% on Friday, reflecting ongoing downward pressure. Short interest has slightly declined from 34.5% to 31.5%, but the elevated days-to-cover ratio of 11.5 suggests persistent bearish sentiment. The stock's weak performance and low trading volume indicate limited recovery potential in the near term.

The market consensus for GOGO's revenue in the upcoming quarter is projected to be approximately $100.037M USD.