- Barclays analyst Mathieu Robilliard initiated coverage of SpaceMobile Inc ASTS with an Overweight rating and a $29 price target, implying a 127.3% upside.
- SpaceMobile’s unique proposition, significant addressable market, and goal of extending mobile coverage everywhere via satellite seek to address a growing policy priority for governments bridging the digital divide. Robilliard sees a compelling investment opportunity if the technology works as planned and management executes.
- The company just launched its U.K. headquarter at Space Park Leicester.
- Price action: ASTS shares traded higher by 8.9% at $13.90 in the premarket session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
