5 Most Promising Small-Cap Stocks According to Analysts

2. Gogo Inc. (NASDAQ:GOGO)

Number of Hedge Fund Holders: 17

Average Upside Potential as of February 10: 58.43%

Gogo Inc. (NASDAQ:GOGO) offers aviation broadband connectivity solutions worldwide, with separate divisions for North America, International markets, and Business Aviation. The company specializes in air-to-ground networks, in-flight systems, and customizable connectivity and wireless entertainment services. Gogo Inc. (NASDAQ:GOGO) is one of the most promising small-cap stocks to buy according to analysts and has gained 22.42% over the past 12 months, as of February 10.

Over the past 3 months, Gogo Inc. (NASDAQ:GOGO) has received 3 Buy ratings from Wall Street analysts and has a consensus Strong Buy rating. The stock has an average price target of $25 which represents a potential upside of 58.43% from current levels.

At the close of Q3 2022, 17 hedge funds disclosed positions in Gogo Inc. (NASDAQ:GOGO) worth $131.8 million. As of December 31, Yarra Square Partners is the top shareholder in the company and has a position worth $7.08 million.

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