Reported 2 days ago
AST SpaceMobile (NASDAQ:ASTS) has garnered a bullish buy rating from Clear Street, which set a $59 price target, differing from the consensus of $30–$64. This positive outlook is based on the company's goal to launch a reliable commercial service by 2027, with expectations of significant revenue growth by 2028. The company's unique technology will enable direct satellite communication with standard smartphones, aiming to serve underserved regions globally. This endorsement follows earlier support from Roth MKM and highlights AST's robust financial health and strategic partnerships.
Source: YAHOO