AST SpaceMobile (ASTS) is a Risky but Lucrative Investment According to Analysts at UBS, who Have Raised the Price Target Significantly From $13 to $30. The Upside Potential is 40%.
The global market for satellite-based broadband internet is expected to exceed $50 billion by 2031 Valuation contains a lot of future potential AST SpaceMobile (ASTS) is a leader stock. It is a telecommunications company that is developing a space-based mobile network to deliver broadband services directly to standard cell phones worldwide. The company has received strategic investments from AT&T, Google and Vodafone. These partnerships are part of the company's strategy to commercialize its network and expand its operations. The...
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- The global market for satellite-based broadband internet is expected to exceed $50 billion by 2031
- Valuation contains a lot of future potential
AST SpaceMobile (ASTS) is a leader stock. It is a telecommunications company that is developing a space-based mobile network to deliver broadband services directly to standard cell phones worldwide. The company has received strategic investments from AT&T, Google and Vodafone. These partnerships are part of the company\'s strategy to commercialize its network and expand its operations.
The company recently completed the deployment of its First five commercial satellites. The potential is huge. The global market for satellite-based broadband internet is expected to grow to $52.33 billion by 2031.
UBS analysts raised their price target from $13 to $30 on Thursday (August 14) and reiterated their buy recommendation. While UBS continues to view AST SpaceMobile as a high-risk, high-reward investment, First regulatory approval in the U.S., the upcoming launch of the first commercial satellites and progress in partnering and financing add to the company\'s conviction in the commercialization and scalability of AST\'s plans. B. Riley raised the price target from $15 to $26.
AST SpaceMobile (ISIN US00217D1000): The valuation is therefore sporty at $5.6 billion on quarterly revenues of $900,000. The share could nevertheless break out.
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