I am trying to recreate a logo in Illustrator. In the image I've included, the one on top is what I am trying to recreate and the one on the bottom is what I've got so far. I feel like I am headed in the right direction but it still doesnt look right.
Yes, it looks like you are headed in the right direction. I don't have a lot of time to study it, but I see two distinct things you should work on first:
1) The colors of the gradient fill are off. I'm sure you noticed already, but you asked. How I match colors is make a small box they eye dropper a color and add it to my swatches - you can then choose that color in the gradient tool.
2) The outline of the letters in the original artwork is a much thinner outline, then a drop shadow added.