AST SpaceMobile (ASTS) Stock Receives $32 Price Target

By Amit Chowdhry ● Nov 27, 2022
  • The shares of AST SpaceMobile (ASTS) recently received a $32 price target. These are the details.

The shares of AST SpaceMobile (ASTS) recently received a $32 price target.

Price target: Increased from $30 to $32

Rating: Buy

Analyst firm: Deutsche Bank

Deutsche Bank analysts adjusted the rating while noting that AST has made significant progress on its plan in recent months. And the company launched its first satellite and successfully deployed the largest-ever commercial communications array in orbit. Plus the Deutsche Bank analysts believe that the company’s early milestones materially reduce the technology risk for AST’s business.