Oppenheimer analyst Timothy Horan initiated coverage of AST SpaceMobile (ASTS) with a Perform rating and no price target The company is building mobile cell-sites in space, in low earth orbits, to offer a complete suite of 5G mobile service for rural areas, the analyst tells investors in a research note. The firm says AST is still in a venture stage that is largely pre-revenue, “so it is a highly risky investment.” There is also a lack of information around spectrum access and management, the business model, competition and its supplier relationships, contends Opco.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASTS:
- AST SpaceMobile signs coordination agreement with National Science Foundation
- Unusually active option classes on open April 24th
- AST SpaceMobile put volume heavy and directionally bearish
- AST SpaceMobile moves into positive ground in afternoon trading
- AST SpaceMobile initiated with a Buy at Roth Capital
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue