Globalstar Shareholders Back Directors, Auditor and Executive Pay

Globalstar ( (GSAT) ) has provided an update.

Globalstar, Inc. reported the results of its 2026 annual meeting of stockholders held on May 13, 2026, where shareholders elected James F. Lynch and Timothy E. Taylor as Class B directors to serve until the 2029 annual meeting, with both nominees receiving strong majorities of votes cast. Investors also overwhelmingly ratified Ernst & Young LLP as the company’s independent registered public accounting firm for 2026 and approved, on an advisory basis, the compensation of Globalstar’s named executive officers, signaling broad shareholder support for the company’s current governance, financial oversight, and executive pay practices.

The most recent analyst rating on (GSAT) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on Globalstar stock, see the GSAT Stock Forecast page.

Spark’s Take on GSAT Stock

According to Spark, TipRanks’ AI Analyst, GSAT is a Neutral.

The score is driven primarily by improving financial performance (revenue growth and strong operating cash flow, but still-levered and not consistently profitable) and strong technical momentum (price well above key moving averages with positive MACD). Earnings-call guidance is supportive, while valuation is a notable drag given negative earnings and no dividend yield.

To see Spark’s full report on GSAT stock, click here.

More about Globalstar

Globalstar, Inc. operates in the communications sector, providing satellite-based connectivity services. The company focuses on mobile satellite voice and data services, supporting customers that require reliable communications beyond the reach of traditional terrestrial networks.

Average Trading Volume: 1,341,036

Technical Sentiment Signal: Buy

Current Market Cap: $10.55B

Learn more about GSAT stock on TipRanks’ Stock Analysis page.