On August 7, AST SpaceMobile, Inc. rose 5.08% in regular trading, trading at $70.835/share, with turnover of $383 million.

On the news front, the company announced on August 5 the successful orbital deployment of BlueBird satellites 11, 12, and 13, further expanding its space-based cellular broadband network for commercial and government applications. BlueBirds 14 through 16 are preparing for the next mission, with production advancing through BlueBird satellite 42. Additionally, the company is scheduled to report earnings on August 10, with market consensus expecting quarterly revenue growth of 365.33% to $34.98 million, driven by the ramp-up of its first commercial direct-to-phone satellite services.

On the institutional front, Piper Sandler initiated coverage with an Overweight rating and a $100 price target, B. Riley upgraded to Buy with an $85 target, and Scotiabank upgraded to Sector Perform with a $50.80 target. Analyst consensus reflects a mean price target of $83.66, indicating a broadly constructive outlook ahead of earnings.

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