Markets

William Blair Downgrades Gogo (GOGO) to Market Perform on Starlink Competition and High Debt as AVANCE Migration Stalls Growth

December 28, 2025

William Blair Downgrades Gogo (GOGO) to Market Perform on Starlink Competition and High Debt as AVANCE Migration Stalls Growth Maham Fatima Sun, December 28, 2025 at 11:16 PM GMT+5:30 2 min read GOGO Gogo Inc. (NASDAQ:GOGO) is one of the cheap penny stocks to invest in. On December 9, William Blair analyst Louie DiPalma downgraded Gogo to Market Perform from Outperform.

Credit: Yahoo

Key Highlights

The firm expressed concern over intensifying competition from Elon Musk’s Starlink.
This external pressure is compounded by Gogo’s high net debt and the expectation that subscriber growth for its Air-to-Ground/ATG network will remain stagnant.
The company’s growth is currently hindered by a multi-quarter transition period as it works to migrate its remaining Classic system users over to the newer AVANCE platform.
In its Q3 2025 earnings report, Gogo highlighted a period of intense product transition and record-breaking demand for its hardware.
The company achieved a milestone in equipment shipments, delivering 437 ATG units during the quarter.

Sources

William Blair Downgrades Gogo (GOGO) to Market Perform on Starlink Competition and High Debt as AVANCE Migration Stalls Growth

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

William Blair Downgrades Gogo (GOGO) to Market Perform on Starlink Competition and High Debt as AVANCE Migration Stalls Growth

Key Highlights

Sources

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