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Yahoo
a day ago
- Business
- Yahoo
AST SpaceMobile Gets $59 Bullish Nod on Direct-to-Phone Satellite Ambitions
AST SpaceMobile (NASDAQ:ASTS) is one of the best space stocks to buy according to hedge funds. On July 10, Clear Street began coverage on AST SpaceMobile (NASDAQ: ASTS) with a Buy rating and a $59 price target, setting it apart from the consensus range of $30–$64. Clear Street's bullish thesis hinges on AST's plan to start reliable commercial service by 2027, with a projected breakout year in 2028, forecasting $2.3 billion in revenue and $1.3 billion in adjusted EBITDA. Translating that, their $59 target equates to about 19× 2028 EBITDA or 11× revenue, based on a 10‑year discounted cash‑flow model. satellite-dish-941506_1280 This endorsement follows earlier support from Roth MKM (Buy) and stands in contrast to Bank of America's neutral stance. Clear Street also pointed to AST's strong financial footing; liquidity bolstered by a current ratio north of 10, and key strategic partnerships with Verizon, AT&T, Vodafone, and Rakuten. AST SpaceMobile is building the first space-based cellular broadband network that works directly with standard, unmodified smartphones. Unlike typical satellite internet, their tech beams signals straight into your handset, eliminating the need for special gear. Backed by major carriers, AST aims to connect underserved populations worldwide and go live commercially by 2027. While we acknowledge the potential of ASTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
10-07-2025
- Business
- Business Insider
AST SpaceMobile initiated with a Buy at Clear Street
Clear Street initiated coverage of AST SpaceMobile (ASTS) with a Buy rating and $59 price target Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
09-07-2025
- Business
- Business Insider
Kinetik (KNTK) Gets a Buy from Clear Street
Clear Street analyst initiated coverage with a Buy rating on Kinetik today and set a price target of $60.00. The company's shares closed today at $42.89. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Currently, the analyst consensus on Kinetik is a Moderate Buy with an average price target of $53.78. Based on Kinetik's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $443.26 million and a net profit of $19.26 million. In comparison, last year the company earned a revenue of $341.39 million and had a net profit of $35.41 million Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KNTK in relation to earlier this year.
Business Insider
09-07-2025
- Business
- Business Insider
Kinetik Holdings initiated with a Buy at Clear Street
Clear Street initiated coverage of Kinetik Holdings (KNTK) with a Buy rating and $60 price target Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Arabian Post
02-07-2025
- Business
- Arabian Post
Bit Digital Shifts Strategy with $163 Million Ethereum Play
Bit Digital has raised a total of $162.9 million through an underwritten public share offering, signalling its strategic pivot from Bitcoin mining into building a substantial Ethereum treasury. Underwriters fully exercised their over‑allotment option on 1 July 2025, expanding the issuance to 86.25 million ordinary shares and boosting net proceeds to the disclosed sum. The capital infusion positions the Nasdaq‑listed miner to sharply reduce its focus on Bitcoin operations and allocate the funds towards acquiring Ethereum—a shift that aligns with broader trends among institutional investors favouring Ether. The company already manages 24,434 ETH, valued at approximately $59.8 million, and plans to convert around 417.6 BTC—worth roughly $44.9 million—into ETH, further bolstering its holdings. Bit Digital's decision emerges at a pivotal moment for Ethereum, which continues to draw momentum from its network upgrades and growing appeal in decentralised finance and staking arenas. Industry analysts interpret this move as institutional endorsement of Ethereum's utility and long‑term integrity. ADVERTISEMENT The offering was executed under a shelf registration declared effective on 20 June 2025, with B. Riley Securities acting as sole bookrunner and Clear Street, Craig‑Hallum, and Northland Capital Markets serving as co‑managers. This marked exit from Bitcoin mining investments reflects a growing recognition of proof‑of‑stake ecosystems, such as Ethereum's, as lower‑carbon and increasingly profitable ventures relative to energy‑intensive Bitcoin operations. Bit Digital's move mirrors strategic shifts by other firms seeking to diversify within the crypto landscape. By converting a significant portion of its Bitcoin holdings into Ethereum, the company is betting on the upside potential of ETH staking rewards. Ethereum's transition to proof‑of‑stake has positioned it as a credible alternative revenue stream for firms with digital asset treasuries, moving beyond merely holding and mining cryptocurrencies. The structural implications for investors are multifaceted. While diluting existing shareholders through the share issuance, the company now holds a stronger, more liquid position in Ethereum. Analysts suggest that institutional confidence in Ether is rising, as evidenced by the flurry of allocations into ETH‑focused treasuries, staking projects, and exchange‑traded funds. Investor reactions have been mixed. Some view the dilution as manageable given the scale of capital and the clear strategic direction. Others question how successfully Bit Digital will deploy its ETH assets, including whether it will stake holdings and manage risk across its newly acquired portfolio. Industry observers emphasise that successful execution will require transparent operation of staking protocols, disciplined treasury management, and risk mitigation strategies to protect against Ether's price volatility. Questions also remain over how quickly the BTC-to-ETH conversion will be completed and whether the Ethereum market can absorb such large inflows without destabilising prices. Bit Digital's acquisition comes on the heels of growing institutional inflows into Ethereum, including predictions of multi‑billion dollar inflows into ETH‑based ETFs in 2025, suggesting a wave of mainstream financial participation.
