Roth Capital raised the firm’s price target on AST SpaceMobile (ASTS) to $51 from $42 and keeps a Buy rating on the shares. Positive news flow and an improving competitive lansdscape has driven the stock up 89% since the firm’s initiation in April, the analyst tells investors in a research note. T-Mobile’s (TMUS) announcement of 1.8M registrations for Starlink-enabled D2D text services is a key market validation given its inferior service and $10 pricing, and the firm is “extremely positive” for AST SpaceMobile penetration and pricing, Roth added.
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