The recent successful ‘direct-to-device’ test video calls by AT&T and Verizon using AST SpaceMobile’s (AST) satellites has prompted analysts at investment firm B Riley Securities to upgrade their advice to clients. Their core guidance rating is ‘Buy’ and the firm says that AST is gaining momentum because of the space-based video calls.

This advice, given on February 25th, is an update on their last examination on January 30.th The latest guidance gives a share price target of $36 ($27.24 on February 27th). AST will issue its financial results on March 3rd.

The report says that a certain softness in share price performance is largely down to anxieties over rival connectivity from SpaceX’s Starlink although “Starlink is still wrangling through power-related signal interference problems while concurrently navigating dearth of spectrum […] which we believe will limit services to Texting and emergency SOS services only”.

AST is due to update the market on March 3rd with its financial results. Analysts expect specific detail to be forthcoming as regards the launch of its next batches of satellites, with early contracts already in place for India and the United Launch Alliance.

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