AST SpaceMobile, Inc. (ASTS) experienced a significant pre-market surge of 5.09% on Thursday, following the release of new analyst coverage on the company.
The price movement comes after New Street Research initiated coverage on AST SpaceMobile with a Neutral rating and an $80 price target. According to analysts polled by FactSet, the company has an average rating of hold with a mean price target of $89.62.
Analyst coverage and price target announcements often influence investor sentiment and can lead to significant price movements, particularly in pre-market trading sessions where liquidity may be lower and news can have amplified effects on stock prices.
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