Should You Chase the Amazon-Driven Rally in Globalstar Stock Today?

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The market data on this page is currently delayed.Wajeeh KhanThu, April 2, 2026 at 1:32 PM PDT 2 min readGlobalstar (GSAT) shares closed nearly 15% higher on April 2 following reports that Amazon (AMZN) is in advanced talks to acquire the satellite communications firm for about $9 billion.This potential acquisition is reportedly a strategic play to strengthen Amazon Leo as it races to compete with billionaire Elon Musk’s satellite-internet network, Starlink.Stocks Pare Losses on Hormuz ReportStocks Tumble Before the Open as Oil Prices Jump After Trump’s Iran AddressBoeing Jumps on New Pentagon Deal. Should You Buy BA Stock Here?Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!Versus its year-to-date low, Globalstar stock is now up roughly 45%.www.barchart.comWhile the prospect of an AMZN buyout is exciting, the window for meaningful gains may have already slammed shut.According to the Financial Times, the e-commerce behemoth is willing to pay $9 billion for GSAT — but its market cap has already ballooned to nearly $10 billion following today’s stock price rally.This means the market hasn’t just “priced in” the potential acquisition premium, but has arguably overshot it.Investors buying at these levels are essentially paying a premium above the expected deal price, leaving virtually no upside in GSAT shares following the official announcement.Moreover, if Amazon chooses to take Globalstar private, shareholders will be cashed out at a fixed price, further capping potential for capital gains.On the flip side, the downside risk is even more concerning should the merger fail.Since GSAT’s recent gains are built entirely on acquisition rumors instead of fundamental business growth, if negotiations collapse, it may crash just as quickly to the pre-rumor levels.Meanwhile, there’s hardly any solace to be found in the firm’s current valuation either. Globalstar shares are currently going for eye-watering 2,500x forward earnings, which makes them a gamble at best.Even from a technical perspective, GSAT’s relative strength index (14-day) surpassed 67 today, indicating upward momentum is now approaching exhaustion.It's also worth mentioning that Wall Street analysts saw Globalstar as fairly valued at its pre-rumor price.According to Barchart, the consensus rating on GSAT stock sits at “Moderate Buy” currently, but the mean target of $69.75 is only slightly above the price at which it was trading before the Amazon news.Terms and Privacy PolicyPrivacy DashboardMore InfoTrending tickersBTC-USD Bitcoin USD 66,843.81 +44.84 (+0.07%)CL=F Crude Oil May 26 71.52 +0.19 (+0.27%)TSLA Tesla, Inc. 360.59 -20.67 (-5.42%)ETH-USD Ethereum USD 2,050.77 -6.98 (-0.34%)XRP-USD XRP USD 1.32 +0.02 (+1.37%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 103.91 +17.56 (+20.34%)SBAC SBA Communications Corporation 204.04 +32.48 (+18.93%)YSS York Space Systems, Inc. 28.03 +4.43 (+18.77%)VSAT Viasat, Inc. 53.69 +8.46 (+18.70%)LUNR Intuitive Machines, Inc. 23.99 +3.75 (+18.53%)Top losersKNF Knife River Corporation 73.91 -8.20 (-9.99%)WIX Wix.com Ltd. 81.95 -8.55 (-9.45%)PBH Prestige Consumer Healthcare Inc. 52.48 -5.20 (-9.02%)ENPH Enphase Energy, Inc. 34.92 -3.36 (-8.78%)RGC Regencell Bioscience Holdings Limited 30.80 -2.92 (-8.66%)Most activeNVDA NVIDIA Corporation 177.39 +1.64 (+0.93%)INTC Intel Corporation 50.38 +2.35 (+4.89%)NOK Nokia Oyj 8.82 +0.55 (+6.65%)PLUG Plug Power Inc. 2.4100 +0.1600 (+7.11%)TSLA Tesla, Inc. 360.59 -20.67 (-5.42%)Top economic eventsTop economic eventsApr 3, 2026, 8:30 AM EDTPrior: P: -92New: N: 178Apr 3, 2026, 8:30 AM EDTPrior: Prior: -92New: New: 178Apr 3, 2026, 8:30 AM EDTPrior: P: 4.4New: N: 4.3Apr 3, 2026, 8:30 AM EDTPrior: Prior: 4.4New: New: 4.3Earnings eventsMy earnings eventsEarnings events