Gogo Inc. (NASDAQ:GOGO) shares surged 7.00% in pre-market trading on Friday, as investors eagerly await the company's first-quarter earnings results. The in-flight broadband provider is scheduled to release its financial report before the opening bell, setting the stage for a potentially volatile trading day.

Analysts are projecting Gogo to report quarterly earnings of 8 cents per share, down from 16 cents per share in the same period last year. However, revenue is expected to see a significant jump, with estimates pointing to $214.44 million compared to $104.32 million a year earlier. This substantial revenue growth forecast may be contributing to the positive sentiment among investors ahead of the earnings release.

Despite the pre-market enthusiasm, it's worth noting that several analysts have recently adjusted their price targets for Gogo. Roth MKM maintained a Buy rating but lowered its target from $15.5 to $13, while Morgan Stanley and JP Morgan have kept their Equal-Weight and Neutral ratings, respectively, with reduced price targets. These mixed signals from analysts suggest that investors will be closely scrutinizing the earnings report for signs of the company's future performance and growth potential.