Shares of AST SpaceMobile, Inc. (ASTS) soared 9.64% during intraday trading on Tuesday, following Cantor Fitzgerald's reiteration of a $30 price target on the stock.
Cantor Fitzgerald, a leading investment bank and financial services firm, maintained its bullish stance on ASTS, reaffirming the stock's price target of $30 per share. This move by the analyst firm appears to have fueled investor confidence, driving the stock's significant upward momentum.
While the specific details behind Cantor Fitzgerald's price target reaffirmation were not disclosed, the firm's continued positive outlook on ASTS suggests confidence in the company's prospects and potential for future growth.
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