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AST SpaceMobile (NASDAQ:ASTS) saw its stock surge 17% to $33.80 following an upgrade from UBS Group, which raised its price target from $31 to $38, indicating a potential upside of 12.43%. Analysts maintain a "buy" rating, with a consensus target price of $42.98. Institutional investors hold 60.95% of the company's shares, reflecting strong interest in its space-based cellular broadband services.
UBS analyst Chris Schoell has raised the price target for AST Spacemobile shares from $31 to $38, maintaining a buy recommendation. The stock, currently at $32.64, has seen an 850% return over the past year, driven by successful satellite testing and expanded agreements with nearly 50 wireless carriers, covering almost 3 billion subscribers. AST Spacemobile is set to launch 60 satellites by 2026, with projected revenues of $465 million and EBITDA of $173 million by 2026, growing to $2 billion and $1.4 billion by 2028. The company recently reported a smaller-than-expected loss for Q4 2024, further boosting investor confidence.
UBS has raised its price target on AST SpaceMobile to $38 from $31 while maintaining a Buy rating. The company is developing a global cellular broadband network in space, utilizing a constellation of low earth orbit satellites to provide high-speed services to users outside terrestrial coverage. Currently, it is testing the capabilities of its BlueWalker 3 satellite in collaboration with cellular service providers.
Deutsche Bank has raised its price target for AST SpaceMobile, Inc. to $64 from $53 while maintaining a Buy rating. The company is developing a global cellular broadband network in space, utilizing a constellation of low earth orbit satellites to provide high-speed services to users outside terrestrial coverage. Currently, it is testing the capabilities of its BlueWalker 3 satellite in collaboration with cellular service providers.
AST SpaceMobile Inc.
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ast spacemobile stock rises after analyst upgrades and price target increase
23:58 05.03.2025
ubs raises ast spacemobile price target to 38 dollars amid strong growth
16:50 05.03.2025
ubs raises ast spacemobile price target to thirty eight maintains buy rating
16:14 05.03.2025
deutsche bank raises ast spacemobile price target to sixty four dollars
13:53 05.03.2025
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