How Gogo Inc Shares Jumped 12% Today
Shares of in-flight networking specialist Gogo (NASDAQ: GOGO) jumped as much as 12.2% higher on Thursday, reaching that peak at 1:25 p.m. EST. Investors can thank another large customer contract for this boost.
This morning, Gogo announced a new installation deal for its 2Ku wireless broadband platform. Hong Kong-based airline Cathay Pacific will install Gogo's networking service across a fleet of 148 wide-body airliners serving roughly 3 million passengers a month. The companies hope to have the Gogo service up and running by the middle of 2018.
Image source: Getty Images.
Source: Fool.com
Gogo Inc. Stock
€8.70
2.960%
Currently there is a rather positive sentiment for Gogo Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 17 € shows a very positive potential of 95.4% compared to the current price of 8.7 € for Gogo Inc..
