Planet Labs' stock fell 8% even after announcing a new European defense contract and receiving a Buy rating from Berenberg. The contract is relatively small compared to previous deals, so it doesn't significantly impact revenue or guidance. The sector shows cautious sentiment ahead of Planet Labs' upcoming quarterly results, with similar declines seen in peers Intuitive Machines and AST SpaceMobile. Investors are advised to watch the earnings report closely for signs of revenue or backlog softness that could explain the stock's weakness.
AST SpaceMobile is developing a space-based cellular network connecting directly to smartphones, with shares rising 9.39% intraday to $61.04 despite a tough Q2 report showing a $125.9 million loss and a law firm investigation. Analysts have a mixed o...
AST SpaceMobile (ASTS) shares jumped over 11% to about $62.40 after Berenberg initiated coverage with a buy rating and a $92 price target. The company aims to generate nearly $1 billion in revenue in 2027, its first commercial year, driven by deployi...
AST SpaceMobile shares surged 12% following Berenberg's initiation with a $92 price target, highlighting its unique cellular broadband service from space. Planet Labs also rose 5%, supported by its daily Earth imaging and a growing backlog. The gains...
AST SpaceMobile has been downgraded to a buy rating due to short-term manufacturing delays affecting satellite launches. Despite this, the company’s Q2 report highlights a multi-billion-dollar revenue opportunity across defense, B2B, and IoT sectors,...
Rocket Lab's stock has fallen over 57% from its peak despite strong revenue growth and a growing backlog, creating a disconnect between performance and market value. Analysts remain bullish, with a consensus price target implying about 77% upside and...
