AST SpaceMobile, Inc. (ASTS) shares are making waves on Friday, building upon gains from Thursday’s trading session. The surge in interest stems from the company’s announcement that select shareholders will have the opportunity to witness the launch of the BlueBird 1-5 Mission at the Kennedy Space Center Visitor Complex in Cape Canaveral, Florida.
This launch holds significant importance for AST SpaceMobile, as it represents a crucial step in their ambitious plan to build the world’s first global cellular broadband network in space, capable of directly connecting with standard mobile devices. The BlueBird satellites, which were delivered to Cape Canaveral last week, are scheduled to launch within a seven-day period in September.
Adding fuel to the fire, multiple analysts have issued price target adjustments for AST SpaceMobile stock, highlighting their bullish sentiment towards the company’s potential. B. Riley Securities analyst Mike Crawford maintained his Buy rating for AST SpaceMobile, raising the price target from $15 to $26. Meanwhile, UBS analyst Christopher Schoell also maintained a Buy rating and increased the price target from $13 to $30.
As of this writing, AST SpaceMobile stock is experiencing a 1.98% increase, trading at $31.98. The upcoming launch and positive analyst assessments seem to be driving the current surge in stock value. With the company poised to break new ground in mobile connectivity, investors will be closely watching the launch and the potential impact it could have on the future of AST SpaceMobile.
