An update from Gogo ( (GOGO) ) is now available.
Gogo Inc. has appointed Oakleigh Thorne as Executive Chairman of the Board of Directors, effective December 3, 2024. The company and Mr. Thorne have entered into a Second Amended and Restated Employment Agreement, which outlines his full-time and part-time roles, compensation, and benefits for 2025. The agreement includes provisions for bonuses, equity awards, and conditions for termination, aiming to align Mr. Thorne’s incentives with the company’s performance and strategic goals.
Spark’s Take on GOGO Stock
According to Spark, TipRanks’ AI Analyst, GOGO is a Neutral.
Gogo’s stock is rated 56, reflecting robust revenue growth but tempered by high leverage, declining profitability, and overvaluation concerns. The earnings call provided mixed signals, with positive growth offset by flat future guidance.
To see Spark’s full report on GOGO stock, click here.
More about Gogo
YTD Price Performance: -16.87%
Average Trading Volume: 1,567,433
Technical Sentiment Signal: Buy
Current Market Cap: $935.2M
For detailed information about GOGO stock, go to TipRanks’ Stock Analysis page.