Globalstar Stock Volatility as Clear Street Raises Price Target to $71
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: Fool
- Stock Volatility: Globalstar shares surged 5% on Tuesday after Clear Street raised its price target to $71, but the stock fell 9.6% on Wednesday, indicating market concerns about its future prospects.
- Contract Advantage: Clear Street noted that Globalstar's contract with Apple de-risks the company; however, Scotiabank cautioned investors to consider its competitive disadvantages against SpaceX's Starlink.
- Market Competition: SpaceX launches over 3,000 satellites annually, while Globalstar has only 24 in orbit, a disparity that could significantly impact its market share and profitability.
- Profit Outlook: Globalstar has only turned a profit once in the past decade and is not expected to be profitable again until 2027, raising investor doubts about its long-term sustainability.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy AAPL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAPL is 299.69 USD with a low forecast of 230.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
32 Analyst Rating
19 Buy
11 Hold
2 Sell
Moderate Buy
Current: 258.280
Low
230.00
Averages
299.69
High
350.00
Current: 258.280
Low
230.00
Averages
299.69
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apple Acquires Israeli AI Startup Q.ai
- Acquisition Announcement: On January 29, Apple announced its acquisition of Israeli startup Q.ai, which marks a significant step in Apple's AI strategy, although the financial terms remain undisclosed, indicating a push for advancements in audio technology.
- Team Integration: The founding team of Q.ai, including CEO Aviad Maizels, will join Apple; Maizels previously founded PrimeSense, acquired by Apple in 2013, highlighting Apple's commitment to attracting AI talent.
- Technology Applications: Q.ai focuses on innovative machine learning applications aimed at helping devices understand whispered speech and enhance audio in challenging environments, which is expected to enhance the functionality of products like AirPods, improving user experience.
- Strategic Outlook: Apple executive Johny Srouji praised Q.ai as a pioneering company, and this acquisition is anticipated to not only drive innovation in audio technology but also potentially provide new directions for future product development.
Continue Reading
ServiceNow Decline Sheds Light on Software Stock Struggles Amid AI Era
Software Stocks Decline: Software stocks have entered bear market territory this week, indicating a significant downturn in the sector.
ServiceNow's Performance: Despite a better-than-expected quarterly update from ServiceNow, the industry's leading company, investor confidence remains shaky.
Concerns Over Future: Investors are expressing doubts about the future of the software sector amid the rapid advancements in artificial intelligence technologies.
Market Sentiment: The overall sentiment in the market reflects uncertainty, as the impact of emerging technologies continues to challenge traditional software companies.
Continue Reading