B. Riley raised the firm’s price target on AST SpaceMobile (ASTS) to $95 from $60 and keeps a Buy rating on the shares. The firm now believes AST will be fully funded, or close to it, for launch and deployment of 90 satellites enabling continuous global 5G coverage following the close of its upsized $1B senior note offering. The company is on track to complete 40 phased arrays by early 2026, bringing the company to BlueBird-46, the analyst tells investors in a research note.
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