12 Stocks That Will Double in 2025

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1. Globalstar, Inc. (NYSE:GSAT)

Analyst Upside as of January 28, 2025: 187%

Number of Hedge Fund Holders: 17

Globalstar, Inc. (NYSE:GSAT) is a telecommunications company that provides reliable and portable satellite communication solutions allowing people to stay connected even in remote areas. GSAT serves several industries including the government, transportation, energy, construction, commercial maritime, agriculture, and forestry industries. To expand its coverage, the company has spent the past few months forging key partnerships. For instance, on January 7, Globalstar, Inc. (NYSE:GSAT) announced a strategic partnership with Peiker Holding GMBH to provide satellite-based energy services and telematics capabilities to the automotive industry. This move will help GSAT make its mark in the European market.

In December, Globalstar, Inc. (NYSE:GSAT) held its investor day where the company provided updates to its key products and plans. As for its mobile satellite services, the company generated strong revenue from the segment with over 260,000 active subscribers contributing $44 million in annual service revenue for 2023. In addition to that, through its technologies, GSAT orchestrated over 10,000 rescues in 2024 and is currently serving nearly 481,000 average active devices through its commercial IoT segment.

Overall, Globalstar, Inc. (NYSE:GSAT) celebrates a diversified business model that can explain its financial success through 2024. In December, the company announced its 2025 revenue guidance which is expected to range between $260-$285 million driven by incremental strategic investments and growth plans.

While we acknowledge the potential of GSAT to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GSAT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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