UBS Raises AST SpaceMobile (ASTS)’s Price Target

AST SpaceMobile, Inc. (NASDAQ:ASTS) is among the 10 Best Space Exploration Stocks to Buy Now. UBS maintained its Buy recommendation on AST SpaceMobile, Inc. (NASDAQ:ASTS) shares and lifted the firm’s price objective from $38 to $62 on August 14. The analyst informs investors in a research note that UBS is constructive due to an improved funding position and a government opportunity that surpasses the firm’s initial expectations.

UBS Raises AST SpaceMobile, Inc. (ASTS)'s Price Target.

A satellite in the night sky, glimmering with the promise of aerospace exploration.

AST SpaceMobile, Inc. (NASDAQ:ASTS) is a manufacturer and designer of satellites. The company is using a vast IP and patent portfolio to develop a cellular broadband network in space that will function directly with off-the-shelf mobile phones and ordinary, unmodified mobile devices. Its main goal has been to close the connectivity gaps that mobile subscribers encounter.

The company’s spaceMobile service is being developed to offer end users who are outside of terrestrial cellular coverage high-speed, reasonably priced cellular broadband services through their current mobile handsets. It is among the Best Space Stocks.

While we acknowledge the risk and potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None.