10 Best Space Stocks To Buy According To Analysts

3. AST SpaceMobile, Inc. (NASDAQ:ASTS)

Average Share Price Upside Potential as of January 16: 104.69%

Number of Hedge Fund Holders: 18

AST SpaceMobile, Inc. (NASDAQ:ASTS) is a satellite designer and manufacturer based in Midland, Texas. The company is focused on building a global cellular broadband network in space for smartphones.

In 2024, ASTS launched its first five BlueBird satellites. Each comes with a communications antennae covering 693 square feet. This is the largest-ever array deployed in low Earth orbit by a commercial spacecraft and is designed to communicate directly with cell phones. The company also partnered with key players like Verizon, AT&T, and Vodafone during the year, as it targets close to 100% nationwide coverage.

In November, AST SpaceMobile, Inc. (NASDAQ:ASTS) announced securing orbital launch capacity during 2025 and 2026 to enable space-based cellular broadband service coverage for the U.S., the American government, Japan, Europe, and other global strategic markets. It also recently secured three new contracts from the U.S. government, including being selected by the SDA as a prime contractor under the HALO program.

Contracts such as this coupled with existing partnerships with major telecom operators are likely to garner significant revenue for the company. Moreover, BlueBird satellites offering connectivity in underserved regions present a vast, untapped market for AST SpaceMobile, Inc. (NASDAQ:ASTS) services.

The company is also improving its liquidity position. During its recent Q3 2024 earnings call on November 15, ASTS announced ending the quarter with $518.9 million in cash, up from $287.6 million at the end of the second quarter. This was the first instance the satellite maker brought its cash balance above the $500 million mark. The improving cash position is expected to allow the company to quickly move ahead with its strategic objectives.

AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the best space stocks to buy according to analysts, with a consensus Strong Buy rating.