Maintain Hold on AST Space Mobile Amid Elevated Risk and Uncertain Upside

2 months ago

Parkev Tatevosian, CFA

"So, because of the elevated risk, I'm keeping AS Space Mobile. I had it rated as a hold all year long here. The reasoning being it's too early for me for my investment taste. It's too speculative at this point. It has huge upside to be sure, but as it stands right now, I can't tell what the actual upside is. I have a difficult time quantifying that upside."

The speaker maintains a hold rating on AST Space Mobile due to elevated risks and uncertainty regarding its future cash flow and revenue potential. While acknowledging significant upside from strategic partnerships like the one with Verizon, he highlights that the lack of concrete data makes it difficult to quantify the stock's true potential, reinforcing a cautious stance.

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