Reported 22 days ago
Roth Capital has raised its price target for AST SpaceMobile (ASTS) from $42 to $51, while maintaining a Buy rating on the stock. The increase follows an 89% rise in stock value since April, influenced by positive developments in the market and T-Mobile's announcement of 1.8 million registrations for Starlink-enabled text services, which offers competitive validation for AST SpaceMobile's pricing strategy.
Source: YAHOO