Morgan Stanley raised the firm’s price target on Globalstar (GSAT) to $25 from $14.85 and keeps an Equal Weight rating on the shares. Globalstar’s contract finalization with MDA Space announced on February 10 solidifies its Extended MSS Network opportunity, says the analyst, whose new target factors in the new agreement and updates to the firm’s model post the company’s reverse stock split.
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Read More on GSAT:
- Globalstar’s Expansion and Revenue Growth Potential Amid Competitive Challenges
- GSAT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Globalstar price target raised at B. Riley following reverse stock split
- Notable open interest changes for February 12th
- Globalstar call volume above normal and directionally bullish
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