William Blair initiated coverage of AST SpaceMobile (ASTS) with a Market Perform rating and no price target Since May of 2024, the stock is up 1,600% as investors seek for SpaceX alternatives, the analyst tells investors in a research note. The firm says AST shares trade at 31-times its 2030 revenue estimate. William Blair believes the stock will be range-bound from here due to “intense” SpaceX competition, launch delays, and questions about the size of its total addressable market.
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