12 Most Promising Growth Stocks According to Wall Street Analysts

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

Analyst Upside as of January 24, 2025: 104%

Number of Hedge Fund Holders: 18

AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the most promising growth stocks to buy according to analysts. The company designs and manufactures satellites with a mission to connect mobile phones with cellular broadband satellite networks from anywhere in the world. The company ended 2024 on a super good note, launching and deploying its first five BlueBird satellites.

ASTS also forged partnerships with companies such as Google, Verizon, AT&T, and Vodafone to accelerate its mission. For example, on December 9, 2024, ASTS forged a collaborative agreement through 2034 with the telecommunications giant, Vodafone. The partnership will allow Vodafone to offer space-backed cellular services in its home and partner markets. Vodafone is also a three-time investor in AST SpaceMobile, Inc. (NASDAQ:ASTS), explaining that the company has solid backing to support its journey.

AST SpaceMobile, Inc. (NASDAQ:ASTS) is revolutionizing the way people connect with each other and to realize its goal, the company has been connecting with mobile network operators, subscribers, and individuals who are residing in areas with little to no network access. 18 hedge funds held stakes in the firm at the end of the third quarter of 2024.

While we acknowledge the potential of ASTS to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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