AST SpaceMobile: Navigating Early Growth with Strong Future Potential Amidst High Costs and Pending Developments
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Bank of America Securities analyst Michael Funk maintains a Hold rating on AST SpaceMobile with an $85 price target, citing high current costs and pending developments despite strong future potential. The company is in early satellite launch stages, with significant prepayments from mobile operators but awaits further progress on government contracts and revenue recognition. UBS also maintains a Hold rating with a $43 target.
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