AST SpaceMobile (NASDAQ:ASTS) stock has climbed over 86% year-to-date, driven by the company’s strategic partnership with telecom providers Verizon (VZ) and AT&T (T). Interestingly, individual investors have a Very Positive view of the company. In the last 30 days, the number of portfolios (tracked by TipRanks) holding the stock increased by 38.1%. This reflects their optimism over ASTS’ growth prospects.
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It should be noted that AST SpaceMobile is building a space-based cellular broadband network to provide connectivity directly to smartphones. The company is expected to launch its initial five satellites into space soon, pushing the company towards revenue generation.
Bloggers are Bullish
Also, bloggers have a positive view of ASTS stock. Using TipRanks’ Blogger Opinion tool, we can see that bloggers are optimistic about ASTS stock. Indeed, of the 71 writers tracked by TipRanks, 97% of them are bullish, which is higher than the sector average.
Is ASTS a Good Stock to Buy?
Wall Street is optimistic about the company’s prospects. ASTS sports a Strong Buy consensus rating based on four unanimous Buy recommendations. The analysts’ average price target on ASTS stock is $15.73, implying 40.1% upside potential from current levels.
