AST SpaceMobile: The Selloff Has Gone Too Far

The Techie 5.39K Followers Follow Summary I'm maintaining AST SpaceMobile with a buy because I think there is more upside than downside ahead. ASTS targets ~$1B in revenue in its first commercial year (2027), with 45 BlueBird satellites in orbit as the key operational milestone. Risk still exists around deployment delay and missing the end-of-year revenue target, not to mention the stock trades at a premium multiple. While I'm watching these closely, I see potential for the stock to bounce back from current levels after shedding 53% from its high of $133. I hereon share my sentiment on ASTS and why I see more upside ahead. yalax/iStock via Getty Images AST SpaceMobile, Inc. ( ASTS ) closed over 11% higher on Wednesday at about $62.40 per share after Berenberg initiated coverage with a buy rating and a $92 price target. I have called this stock a buy This article was written by The Techie 5.39K Followers Follow I’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like my service to revolve around is momentum. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.