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Nathan Reiff

AST SpaceMobile Stock Surges 17% After Analyst Upgrade

AST AST SpaceMobile ASTS Cantor MarketBeat Nasdaq
[content-module:Forecast|NASDAQ:ASTS]

Shares of satellite-based cellular broadband services firm AST SpaceMobile Inc. (NASDAQ: ASTS) spiked by as much as almost 17% in morning trading on February 26, 2025, after analysts at Cantor Fitzgerald upgraded the company to a rating of Strong Buy the day prior and the firm announced its latest major contract.

Cantor is only the second Wall Street firm to re-evaluate its rating of ASTS shares so far in 2025, but it joins a number of other institutions that are already broadly optimistic about a company that has emerged as a top pick in the space race.

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