On August 4, AST SpaceMobile, Inc. rose 7.56% in regular trading, trading at $68.86/share, with turnover of $136 million. The rally was driven by a combination of bullish earnings expectations and a wave of analyst upgrades ahead of the company's August 10 earnings release.

On the earnings front, market consensus projects quarterly revenue growth of 365.33% to $34.98 million, with the core focus on the rollout of the company's first commercial direct-to-phone satellite services and production capacity ramp-up. The company reported a 20.94% gross margin last quarter, and the key variable this period hinges on in-orbit asset delivery pace.

On the institutional side, Piper Sandler initiated coverage with an Overweight rating and a $100 price target, B. Riley upgraded the stock to Buy with an $85 target, and Scotiabank raised its rating to Sector Perform with a target of $50.80, up from $41.20. The average analyst price target stands at approximately $83.66. The broader Alternative Carriers sector also showed strength, with TELESAT CORP up 10.75%, SpaceX up 3.14%, and Bandwidth Inc. up 2.69%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)