From what 1 stock analysts predict, the share price for Globalstar Inc (GSAT) might increase by 90.29% in the next year. This is based on a 12-month average estimation for GSAT. Price targets go from $0.99 to $5. The majority of stock analysts believe GSAT is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Globalstar Inc has a total of 1 Wall St Analyst ratings. There are 1 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Globalstar Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of GSAT.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
George Sutton Craig-Hallum | Buy | $5 | Maintains | Nov 4, 2024 |
Simon Flannery Morgan Stanley | Equal-Weight | $0.97 | Upgrade | May 3, 2023 |
George Sutton Craig-Hallum | Buy | $5 | Initiates | Oct 31, 2022 |
Mike Crawford B. Riley Securities | Buy | $3.25 | Initiates | Jun 21, 2021 |
Morgan Stanley | Underweight | Downgrade | Jan 22, 2021 | |
Morgan Stanley | Equal-Weight | $0.55 | Maintains | Jun 15, 2020 |
Morgan Stanley | Equal-Weight | $0.56 | Maintains | Apr 27, 2020 |
Chardan Capital | Neutral | Downgrade | Aug 9, 2018 | |
Morgan Stanley | Equal-Weight | Initiates | Apr 11, 2018 | |
Chardan Capital | Buy | Upgrade | Feb 24, 2017 | |
Chardan Capital | Neutral | Downgrade | Jun 13, 2016 | |
Chardan Capital | Buy | Initiates | Oct 25, 2013 | |
Dominick & Dominick | Neutral | Initiates | Oct 9, 2012 |
When did it IPO
2014
Staff Count
348
Country
United States
Sector/Industry
Communication Services/Telecom Services
CEO
Dr. Paul E. Jacobs Ph.D.
Market Cap
$3.60B
In 2023, GSAT generated $223.8M in revenue, which was a increase of 50.71% from the previous year. This can be seen as a signal that GSAT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Globalstar (NYSEAMERICAN: GSAT) shares declined 45% through October 2024, prompting renewed interest from investors after a period of neglect.
Why It Matters - Globalstar's significant decline in stock price signals potential volatility, offering opportunities for bargain-hunting investors or indicating underlying business challenges.
Summary - Globalstar, Inc. (NYSE: GSAT) announced Dr. Paul Jacobs will present at Deutsche Bank's Global Space Summit on November 20, 2024, with management available for 1x1 meetings.
Why It Matters - Globalstar's participation in a prominent industry event highlights its strategic positioning in telecommunications, potentially influencing investor sentiment and company valuation.
Summary - The 'Undercovered' Dozen series spotlights 12 lesser-known stocks. Xometry's AI-driven software shows growth potential, while Boston Scientific's Axonics acquisition strengthens its urology position.
Why It Matters - Highlighting lesser-known stocks like Xometry and Boston Scientific's strategic acquisition can reveal high-growth investment opportunities and inform portfolio diversification strategies.
Summary - Globalstar, Inc. (NYSE:GSAT) will hold its Q3 2024 earnings conference call on November 7, 2024, at 5:00 PM ET, featuring CEO Paul Jacobs and CFO Rebecca Clary.
Why It Matters - Globalstar's upcoming Q3 2024 earnings call will provide insights into its financial performance and strategic direction, influencing stock valuation and investor sentiment.
Summary - Globalstar announced its financial results for the third quarter of 2024. Further details on performance metrics and guidance were not provided in the excerpt.
Why It Matters - Globalstar's Q3 2024 financial results provide insights into its performance, affecting stock valuation, investor sentiment, and potential future growth opportunities.
Summary - Globalstar's share price rose following an expanded partnership with Apple, which includes capital investment. This is expected to enhance high-margin revenue and growth from XCOM and terrestrial spectrum.
Why It Matters - Globalstar's partnership with Apple signals potential for increased revenue and growth, boosting investor confidence and share value due to anticipated high-margin opportunities.