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Morgan Stanley Forecasts Low 2026 Growth for Gogo (GOGO) Amid Product Transitions and Industry Tech Debates
Yahoo Finance· 2026-01-31 03:58
Gogo Inc. (NASDAQ:GOGO) is one of the best fast growing penny stocks to buy according to analysts. On January 16, Morgan Stanley reduced its price target for Gogo to $8 from $15 with an Equal Weight rating, reflecting expectations of a low-growth 2026 due to various product transitions. The firm’s adjusted valuation incorporates updated model assumptions and highlights an ongoing industry debate regarding the development of Direct-to-Device technology within the Space Technology services sector. In other ...