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2021-06-23

GSAT Stock: Why One Analyst Sees 150%+ Upside for Globalstar

Globalstar(NYSEAMERICAN:GSAT) shares are rising higher on Monday after an analyst initiated coverage

GSAT Stock: Why One Analyst Sees 150%+ Upside for Globalstar

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Riley analyst Mike Crawford is behind the positive movement for GSAT stock today. He started off coverage of the stock witha buy rating. That has him opposite of the only other analyst covering the stockwith their sell rating. This means the consensus rating for the stock is hold.</p>\n<p>In addition to that bullish buy rating, Crawford also includes a price target of $3.25 per share for GSAT stock. That is well above the consensus price target of 55 cents per share for the stock. It’s also a massive 152% upside for the stock over its closing price of $1.29 per share when markets closed on Friday.</p>\n<p>So what has this B. Riley analyst taking such a bullish stance on GSAT stock. It all has to do with the company’s future potential.</p>\n<p>According to Crawford, Globalstar is finally getting to a point where it will start reporting returns. He believes that this makes it a great time to jump into the stock before the market figures this out, reports<i>TheFly.com</i>.</p>\n<p>Investors seem to agree as GSAT is seeing heavy trading today. As of this writing, more than 114 million shares of the stock have changed hands. That’s a massive jump over its daily average trading volume of about 19.3 million shares.</p>\n<p>GSAT stock was up 19.8% as of Monday afternoon and is up 352.9% since the start of the year.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GSAT Stock: Why One Analyst Sees 150%+ Upside for Globalstar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGSAT Stock: Why One Analyst Sees 150%+ Upside for Globalstar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/gsat-stock-why-one-analyst-sees-150-upside-for-globalstar/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Globalstar(NYSEAMERICAN:GSAT) shares are rising higher on Monday after an analyst initiated coverage of the stock with an incredibly bullish stance.\nB. Riley analyst Mike Crawford is behind the ...</p>\n\n<a href=\"https://investorplace.com/2021/06/gsat-stock-why-one-analyst-sees-150-upside-for-globalstar/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GSAT":"全球星"},"source_url":"https://investorplace.com/2021/06/gsat-stock-why-one-analyst-sees-150-upside-for-globalstar/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192380860","content_text":"Globalstar(NYSEAMERICAN:GSAT) shares are rising higher on Monday after an analyst initiated coverage of the stock with an incredibly bullish stance.\nB. Riley analyst Mike Crawford is behind the positive movement for GSAT stock today. He started off coverage of the stock witha buy rating. That has him opposite of the only other analyst covering the stockwith their sell rating. This means the consensus rating for the stock is hold.\nIn addition to that bullish buy rating, Crawford also includes a price target of $3.25 per share for GSAT stock. That is well above the consensus price target of 55 cents per share for the stock. It’s also a massive 152% upside for the stock over its closing price of $1.29 per share when markets closed on Friday.\nSo what has this B. Riley analyst taking such a bullish stance on GSAT stock. It all has to do with the company’s future potential.\nAccording to Crawford, Globalstar is finally getting to a point where it will start reporting returns. He believes that this makes it a great time to jump into the stock before the market figures this out, reportsTheFly.com.\nInvestors seem to agree as GSAT is seeing heavy trading today. As of this writing, more than 114 million shares of the stock have changed hands. That’s a massive jump over its daily average trading volume of about 19.3 million shares.\nGSAT stock was up 19.8% as of Monday afternoon and is up 352.9% since the start of the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

GSAT Stock: Why One Analyst Sees 150%+ Upside for Globalstar

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