AST SpaceMobile Stock Surges 12.1% on Bright Future Outlook
AST SpaceMobile (ASTS) stock surged by 12.1% today, with analysts predicting a bright future for the direct-to-cell (DTC) satellite communications company. The rise follows a significant increase in the price target set by Barclays, which sees AST's service, with its richer features, as more attractive than competitors like SpaceX and T-Mobile's text-only service.
Barclays analyst Mathieu Robilliard raised the price target on AST SpaceMobile by 62% to $60 per share. He believes AST's service could command higher prices than the text-only service offered by SpaceX and T-Mobile. AST SpaceMobile's roadmap includes starting service and generating revenue, with profits expected after 2027.
AST SpaceMobile currently has five satellites in orbit and plans to launch more. The company aims to have a total of 40 satellites by early 2026 and up to 60 by the end of the same year. While no specific company is mentioned for transporting AST's satellites during manufacturing, an Antonov cargo plane is scheduled to transport the BlueBird 6 satellite to India for its deployment.
AST SpaceMobile's stock has seen a significant boost today, reflecting analysts' optimism about the company's future. With its ambitious plans for satellite expansion and a service seen as more attractive than competitors, AST SpaceMobile is poised for growth in the DTC satellite communications market.
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