People use their smart devices on an American Airlines airplane, which is equipped with Gogo Inflight Internet service, enroute from Miami to New York.
Carlo Allegri | Reuters
Investors should buy Gogo because its faster in-flight internet access services will drive sales growth, according to Raymond James, which initiated the company with an outperform rating.
"Since inception, Gogo has been a leader in providing connectivity to the plane," analyst Ric Prentiss wrote in a note to clients Tuesday. His bullish "thesis is underpinned by Gogo's rollout of its proprietary 2Ku satellite solution and the upgrade of its ATG [air-to-ground] network by 2018, which should further solidify Gogo's position as a leader in the IFEC [in-flight entertainment and connectivity] segment."
