Asts stock price forecast analysts tracking ASTS stock price

Analysts tracking ASTS stock price forecast highlight improving fundamentals, as revenue guidance for FY2024 was upgraded by 8%, aligning with broader telecom infrastructure expansion trends. While AST SpaceMobile, Inc. ( NASDAQ:ASTS ) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 23% in the last quarter. But that isn't a problem when you consider how the share price has soared over the last year. Few could complain about the impressive 406% rise, throughout the period. So we wouldn't blame sellers for taking some profits. Of course, winners often do keep winning, so there may be more gains to come (if the business fundamentals stack up). The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #5 (Strong Sell) for AST SpaceMobile. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ASTS stock price forecast shows increased investor interest amid Q2 2024 volatility, with current trading levels holding near $3.