Why AST SpaceMobile Stock Is Skyrocketing Again Today

After posting big gains in yesterday's trading, AST SpaceMobile (NASDAQ: ASTS) stock is surging again Wednesday. The space-based telecommunications company's share price was up 14.8% as of 1:30 p.m. ET, and had been up as much as 17% earlier in the daily session.AST is gaining thanks to multiple positive catalysts. In addition to price target increases from two analysts, investors are also feeling more bullish about space industry stocks following comments from President Trump in his speech to Congress last night. In new coverage published before the market opened this morning, UBS maintained a buy rating on AST stock and raised its one-year price target from $31 per share to $38 per share. The firm's lead analyst on the stock, Christopher Schoell, said that new service deals and ramping satellite production made the stock a worthwhile investment despite the high degree of risk involved.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool