Top 5 Stocks for 2022 According To Chet Kapoor’s Tenzing Global Investors

3. Gogo Inc. (NASDAQ:GOGO)

Topping the list of Tenzing Global Investors’ top stocks for 2022 is Gogo Inc (NASDAQ:GOGO), which functions as a service provider for the airline industry. Tenzing owned 4.2 million GOGO shares on September 30, with the stock becoming its top pick for the first time.

While Gogo Inc (NASDAQ:GOGO) has a dominant position in the airline wireless communication field at present, with 80% market share, that really leaves it with nowhere to go but down, which is what Morgan Stanley is predicting as the competition begins to heat up. The investment bank believes that Gogo will control just half of the market within two years, which no doubt factors into the stock being so heavily shorted by investors and having fallen by 32% since that report.

Nonetheless, Gogo Inc (NASDAQ:GOGO) is coming off a strong third quarter in which sales rose by 31% on the strength of growing airline demand, while the company was able to increase both the number of aircraft it services as well as its average monthly revenue per aircraft. And despite Morgan Stanley’s predictions, the company believes that it will achieve a 15% compound annual growth rate through 2025.