Why AST SpaceMobile Stock up 24% Today

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Why AST SpaceMobile Stock up 24% Today

Motley Fool08-20

One Wall Street analyst just boosted his firm's price target on AST SpaceMobile stock by 33%.The company has started a lottery for retail shareholders to attend its critical upcoming launch event....

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Leecash
·08-20
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The march higher began after the company reaffirmed that plans for its most critical satellite launch ever are on track.On Friday, Bank of Nova Scotia, or Scotiabank, analyst Andres Coello raised his firm's price target on the space communications company by a whopping 33% to $28 per share. Coello maintained the equivalent of a buy rating, even though AST shares closed Friday at $31. The rise in AST shares continued today, with the stock higher by 24.4%.Satellite launch lotteryBut Coello's price target increase isn't the real reason AST shares have been going parabolic recently. It's the excitement investors are feeling for the company's upcoming launch of its first commercial satellites. AST has also heightened that excitement with an offer for retail shareholders to potentially attend the five-satellite BlueBird launch next month.The launch is a critical step for the company as it seeks to deploy the five satellites in low-earth orbit to enhance space-based cellular broadband connectivity.AST SpaceMobile president Scott Wisniewski stated, \"As we transition toward the anticipated launch, we want to include as many of our shareholders as we can who have supported us along the way in our journey.\"AST counts several global communications firms as both financial backers and customers. A successful launch should accelerate subscriber growth using AST's satellites, according to the Scotiabank analyst. That could result in an increase in average revenue per user (ARPU), and interest from more mobile network operators.AST's BlueBird satellites have already moved to the launch facility in Cape Canaveral, Florida. The launch window is expected to start on Sept. 11. 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Here's what investors need to know.","content":"<html><head></head><body><ul style=\"\"><li><p>One Wall Street analyst just boosted his firm&#39;s price target on AST SpaceMobile stock by 33%.</p></li><li><p>The company has started a lottery for retail shareholders to attend its critical upcoming launch event.</p></li><li><p>Investors should be wary that the stock gains are already built in for a successful satellite launch.</p></li></ul><p> <a href=\"https://laohu8.com/S/ASTS\">AST SpaceMobile, Inc.</a>  stock has continued to soar since it announced its latest business update and second-quarter results last week. The march higher began after the company reaffirmed that plans for its most critical satellite launch ever are on track.</p><p>On Friday, <strong>Bank of Nova Scotia</strong>, or Scotiabank, analyst Andres Coello raised his firm&#39;s price target on the space communications company by a whopping 33% to $28 per share. Coello maintained the equivalent of a buy rating, even though AST shares closed Friday at $31. The rise in AST shares continued today, with the stock higher by 24.4%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/297bf348845a09e0b3532470a50e6b9a\" tg-width=\"414\" tg-height=\"386\"/></p><h2 id=\"id_2817152744\">Satellite launch lottery</h2><p>But Coello&#39;s price target increase isn&#39;t the real reason AST shares have been going parabolic recently. It&#39;s the excitement investors are feeling for the company&#39;s upcoming launch of its first commercial satellites. AST has also heightened that excitement with an offer for retail shareholders to potentially attend the five-satellite BlueBird launch next month.</p><p>The launch is a critical step for the company as it seeks to deploy the five satellites in low-earth orbit to enhance space-based cellular broadband connectivity.</p><p>AST SpaceMobile president Scott Wisniewski stated, &#34;As we transition toward the anticipated launch, we want to include as many of our shareholders as we can who have supported us along the way in our journey.&#34;</p><p>AST counts several global communications firms as both financial backers and customers. A successful launch should accelerate subscriber growth using AST&#39;s satellites, according to the Scotiabank analyst. That could result in an increase in average revenue per user (ARPU), and interest from more mobile network operators.</p><p>AST&#39;s BlueBird satellites have already moved to the launch facility in Cape Canaveral, Florida. The launch window is expected to start on Sept. 11. Investors are driving up shares as they buy into the excitement generated by the company. But that should also bring a note of caution. It&#39;s possible that the launch has become a &#34;sell the news&#34; event with the stock gains already priced in.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AST SpaceMobile Stock up 24% Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AST SpaceMobile Stock up 24% Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-20 08:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/08/19/why-ast-spacemobile-stock-shot-higher-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One Wall Street analyst just boosted his firm's price target on AST SpaceMobile stock by 33%.The company has started a lottery for retail shareholders to attend its critical upcoming launch event....</p>\n\n<a href=\"https://www.fool.com/investing/2024/08/19/why-ast-spacemobile-stock-shot-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASTS":"AST SpaceMobile, Inc."},"source_url":"https://www.fool.com/investing/2024/08/19/why-ast-spacemobile-stock-shot-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2460050372","content_text":"One Wall Street analyst just boosted his firm's price target on AST SpaceMobile stock by 33%.The company has started a lottery for retail shareholders to attend its critical upcoming launch event.Investors should be wary that the stock gains are already built in for a successful satellite launch. AST SpaceMobile, Inc.  stock has continued to soar since it announced its latest business update and second-quarter results last week. The march higher began after the company reaffirmed that plans for its most critical satellite launch ever are on track.On Friday, Bank of Nova Scotia, or Scotiabank, analyst Andres Coello raised his firm's price target on the space communications company by a whopping 33% to $28 per share. Coello maintained the equivalent of a buy rating, even though AST shares closed Friday at $31. The rise in AST shares continued today, with the stock higher by 24.4%.Satellite launch lotteryBut Coello's price target increase isn't the real reason AST shares have been going parabolic recently. It's the excitement investors are feeling for the company's upcoming launch of its first commercial satellites. AST has also heightened that excitement with an offer for retail shareholders to potentially attend the five-satellite BlueBird launch next month.The launch is a critical step for the company as it seeks to deploy the five satellites in low-earth orbit to enhance space-based cellular broadband connectivity.AST SpaceMobile president Scott Wisniewski stated, \"As we transition toward the anticipated launch, we want to include as many of our shareholders as we can who have supported us along the way in our journey.\"AST counts several global communications firms as both financial backers and customers. A successful launch should accelerate subscriber growth using AST's satellites, according to the Scotiabank analyst. That could result in an increase in average revenue per user (ARPU), and interest from more mobile network operators.AST's BlueBird satellites have already moved to the launch facility in Cape Canaveral, Florida. The launch window is expected to start on Sept. 11. Investors are driving up shares as they buy into the excitement generated by the company. But that should also bring a note of caution. It's possible that the launch has become a \"sell the news\" event with the stock gains already priced in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}