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UBS analyst Chris Schoell has raised the price target for AST Spacemobile (NASDAQ: ASTS) to $38 from $31, maintaining a Buy rating as the stock has surged 850% over the past year. The company has expanded its carrier agreements to nearly 50, covering almost 3 billion subscribers, and is set to launch 60 satellites by 2026, with revenue projections increasing to $2 billion by 2028. Recent financial results showed a narrower loss and higher revenue than expected, reflecting strong investor confidence and strategic growth in the telecommunications sector.
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.
Chris Schoeller
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ubs raises ast spacemobile price target to thirty eight dollars maintaining buy rating
16:58 05.03.2025
ubs raises ast spacemobile price target to 38 dollars amid strong growth
16:50 05.03.2025
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