7 Best Fast Growing Penny Stocks to Buy According to Analysts

4. Gogo Inc. (NASDAQ:GOGO)

Number of Hedge Fund Holders: 28

Average Upside Potential: 139.13%

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 news, on December 29, Gogo Inc. (NASDAQ:GOGO) successfully launched its next-generation 5G air-to-ground/ATG network following the completion of over 30 hours of flight testing across North America and Southern Canada. The validation process confirmed broadband speeds exceeding 80Mbps download and 20Mbps upload, enabling simultaneous streaming and high-speed browsing for business aviation.

As of late December 2025, Gogo secured its first paying customer and had 450 pre-provisioned aircraft ready for service in early 2026. To facilitate rapid adoption, the company already contracted 33 Supplemental Type Certificates/STCs covering all major aircraft types in the CONUS region, unlocking a total addressable market of over 7,500 aircraft.

Gogo Inc. (NASDAQ:GOGO), together with its subsidiaries, provides broadband connectivity services to the aviation industry in the US and internationally. Its product platform includes networks, antennas, and airborne equipment and software.