Globalstar, Inc. (GSAT)
NYSEAMERICAN: GSAT · IEX Real-Time Price · USD
1.455
+0.085 (6.20%)
Mar 28, 2024, 3:45 PM EDT - Market open

Globalstar Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Globalstar stock has a target of 0.97, which predicts a decrease of -33.33% from the current stock price of 1.46.

Analyst Consensus: Hold
Target Low Average Median High
Price $0.97 $0.97 $0.97 $0.97
Change -33.33% -33.33% -33.33% -33.33%
* Price targets were last updated on May 3, 2023.

Analyst Ratings

According to 1 stock analyst, the rating for Globalstar is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Dec '22Jan '23Feb '23Mar '23Apr '23May '23
Strong Buy 111110
Buy 000000
Hold 000001
Sell 000000
Strong Sell 000000
Total 111111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Hold
Upgrades
$1.75$0.97
Hold Upgrades $1.75$0.97 -33.33% May 3, 2023
Craig-Hallum
Craig-Hallum
Strong Buy
Initiates
$5
Strong Buy Initiates $5 +243.64% Oct 31, 2022
B. Riley Securities
B. Riley Securities
Strong Buy
Initiates
n/a
Strong Buy Initiates n/a n/a Jun 21, 2021
Morgan Stanley
Morgan Stanley
Sell
Downgrades
n/a
Sell Downgrades n/a n/a Jan 22, 2021
Chardan Capital
Chardan Capital
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Aug 9, 2018
More Analyst Ratings

Financial Forecast

Revenue This Year
240.20M
from 223.81M
Increased by 7.32%
Revenue Next Year
260.50M
from 240.20M
Increased by 8.45%
EPS This Year
-0.01
from -0.02
EPS Next Year
-0.01
from -0.01
Year 201920202021202220232024202520262027
Revenue
131.72M128.49M124.30M148.50M223.81M240.20M260.50M274.30M512.65M
Revenue Growth
1.23%-2.45%-3.26%19.48%50.71%7.32%8.45%5.30%86.89%
EPS
-0.07-0.07-0.06-0.14-0.02-0.01-0.01-0.03-
EPS Growth
---------
No. Analysts -----5533
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 259.6M 286.1M 314.7M 527.7M
Avg 240.2M 260.5M 274.3M 512.7M
Low 221.6M 223.7M 233.4M 492.6M

Revenue Growth

Revenue Growth 2024202520262027
High
16.0%
19.1%
20.8%
92.4%
Avg
7.3%
8.5%
5.3%
86.9%
Low
-1.0%
-6.9%
-10.4%
79.6%

EPS Forecast

EPS 202420252026
High - - -0.03
Avg -0.01 -0.01 -0.03
Low -0.02 -0.02 -0.03

EPS Growth

EPS Growth 202420252026
High - - -
Avg - - -
Low - - -
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.