Barclays raised the firm’s price target on AST SpaceMobile (ASTS) to $60 from $37 and keeps an Overweight rating on the shares. The firm updated the company’s estimates post the Q2 results. It reduced short-term estimates due to launch delays, but cites an improved medium-term outlook for the target increase. T-Mobile and Starlink launched a text only service for $10 per month and AST’s products, which will be richer with text, call, and broadband, could see higher price points, the analyst tells investors in a research note.
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