Clear Street last night initiated coverage of AST SpaceMobile (ASTS) with a Buy rating and $59 price target The firm says the company offers a long-term mobile growth opportunity by targeting 5.6B global mobile users with its patented satellite technology. It expects “reliable” commercial service by 2027 for AST, leading to a “breakout year” in 2028 with $2.3B in revenue and $1.3B in adjusted EBITDA.
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Read More on ASTS:
- AST SpaceMobile initiated with a Buy at Clear Street
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