8 Unstoppable Stocks That Could Make You Richer

4. AST SpaceMobile Inc. (NASDAQ:ASTS)

Average Analysts Upside Potential as of October 25: 70.95%

Year-to-date gains: 423.16%

Number of Hedge Fund Holders: 15

AST SpaceMobile (NASDAQ:ASTS) is a technology company that, together with its subsidiaries, provides a space-based cellular broadband network. The company operates five satellites in orbit that offer a cellular broadband network and plans to manage up to 95 satellites.

Its edge as an unstoppable stock that could make you richer stems from the fact that it is developing a service that can be offered for sale to several telecom companies. Partnering with telecommunication heavyweights Verizon and AT&T should allow the company to access an existing pool of cell customers. Consequently, it will not have to develop its own clientele, unlike rival Starlink, which is essentially attempting to go it alone.

Secondly, AST SpaceMobile (NASDAQ:ASTS) can raise money from its partners to cover the enormous expenses of establishing a global satellite network. It will probably still need to raise more funds from investors, which could dilute current shareholders, but having deep-pocketed partners is a clear benefit to the long-term success of the company.

AST SpaceMobile has contracts with numerous other businesses worldwide, giving it access to over 2.8 billion potential customers in the long run. There appears to be a lot of potential for the company as it grows over time, assuming it continues operating effectively.

The support that AST SpaceMobile (NASDAQ:ASTS) enjoys from AT&T and Verizon affirms its long-term prospects as a potential challenger of Starlink. This might explain why the stock is already up by more than 400% and rated as a by with an average price target of $43.73, implying a 70.95% upside potential as of October 25, 2024.

At the end of the second quarter of 2024, 15 hedge funds in the database of Insider Monkey held stakes worth $67.38 million in AST SpaceMobile, Inc. (NASDAQ:ASTS), compared to 13 in the preceding quarter worth $19.49 million.