---
title: "BUZZ-AST SpaceMobile soars as brokerage raises PT on upcoming satellite launch"
description: "AST SpaceMobile's shares surged 47.9% following UBS's increased price target amid an upcoming satellite launch. UBS maintains a 'buy' rating, citing ASTS as a high-risk, high-reward investment. The br"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/211708609.md"
published_at: "2024-08-15T17:04:19.000Z"
---

# BUZZ-AST SpaceMobile soars as brokerage raises PT on upcoming satellite launch

> AST SpaceMobile's shares surged 47.9% following UBS's increased price target amid an upcoming satellite launch. UBS maintains a 'buy' rating, citing ASTS as a high-risk, high-reward investment. The brokerage noted the timely launch of five satellites in early September is crucial for demonstrating the company's technology. They anticipate $4.1 billion in revenues by 2028. Year-to-date, the stock has more than tripled in value.

Shares of satellite communication company AST SpaceMobile (ASTS.O) rise 47.9% to $30.78

Brokerage UBS raises PT to $30 from $13 and maintains its “buy” rating, even as it sees ASTS as high-risk, high-reward investment

ASTS said on Wednesday its five commercial satellites are on target for dedicated orbital launch in first half of September

Brokerage says initial U.S. regulatory approval, the imminent launch of its first commercial satellites, and partner or funding progress add to its conviction

Successful delivery of these satellites ahead of its 1H September launch is a key catalyst providing proof of concept for co’s tech and commercial path - brokerage

Brokerage expects $1.1 bln of revenues by 2028 for company

Up to last close, stock more than tripled YTD

### Related Stocks

- [ASTS.US - AST SpaceMobile](https://longbridge.com/en/quote/ASTS.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| AST SpaceMobile Director Keith R. Larson Reports Acquisition of Common Shares | Keith R. Larson, Director at AST SpaceMobile Inc., has reported the acquisition of common shares of the company. The ful | [Link](https://longbridge.com/en/news/269296065.md) |
| AST SpaceMobile Director Adriana Cisneros Reports Acquisition of Common Shares | Adriana Cisneros, Director of AST SpaceMobile Inc., reported acquiring common shares of the company. The original filing | [Link](https://longbridge.com/en/news/267225700.md) |
| What's Going On With AST SpaceMobile Stock Wednesday? | AST SpaceMobile Inc (NASDAQ:ASTS) shares fell 9.50% to $71.14 after the company announced a private offering of $1 billi | [Link](https://longbridge.com/en/news/262265766.md) |
| Insider Buying: AST SpaceMobile (NASDAQ:ASTS) Director Acquires 715 Shares of Stock | AST SpaceMobile Director Keith Larson purchased 715 shares at $70.02 each, totaling $50,064.30, increasing his holdings  | [Link](https://longbridge.com/en/news/270186346.md) |
| Check Out What Whales Are Doing With ASTS | Deep-pocketed investors have adopted a bearish approach towards AST SpaceMobile ( NASDAQ:ASTS ) , and it's something mar | [Link](https://longbridge.com/en/news/262089379.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.