Carrier aggregation information website Cacombos.com indicates that Globalstar’s Band 53 is available in both the global and U.S. versions of Apple’s (AAPL) iPhone 13 Pro, featuring Qualcomm’s (QCOM) Snapdragon X60 modem, B. Riley analyst Mike Crawford tells investors in a research note. The analyst believes all that’s required for utility is a base station with Band 53 looking for the device. With evidence that its terrestrial 5G spectrum is an option on Apple’s flagship iPhone 13 Pro, Crawford says “now is an excellent time” to buy Globalstar “before the market digests this change.” He reiterates a Buy rating on the shares with a $3.25 price target.
previous post