UBS Raises AST SpaceMobile (ASTS)'s Price Target

AST SpaceMobile, Inc. (NASDAQ:ASTS) is among the 10 Best Space Exploration Stocks to Buy Now. UBS maintained its Buy recommendation on AST SpaceMobile, Inc. (NASDAQ:ASTS) shares and lifted the firm’s price objective from $38 to $62 on August 14. The analyst informs investors in a research note that UBS is constructive due to an improved funding position and a government opportunity that surpasses the firm’s initial expectations.

AST SpaceMobile, Inc. (NASDAQ:ASTS) is a manufacturer and designer of satellites. The company is using a vast IP and patent portfolio to develop a cellular broadband network in space that will function directly with off-the-shelf mobile phones and ordinary, unmodified mobile devices. Its main goal has been to close the connectivity gaps that mobile subscribers encounter.

The company’s spaceMobile service is being developed to offer end users who are outside of terrestrial cellular coverage high-speed, reasonably priced cellular broadband services through their current mobile handsets. It is among the Best Space Stocks.

While we acknowledge the potential of ASTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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