Roth Capital raised the firm's price target on AST SpaceMobile to $108 from $82.50 and keeps a Buy rating on the shares. The company's Q1 results missed consensus on timing around ground station shipments and government revenue recognition, though the firm believes that the launch schedule matters more than the quarter's performance, the analyst tells investors in a research note. Roth adds that while some timing risk remains, this is generally noise, also stating the company is fully funded with 100+ satellites and $3.5B of cash on its balance sheet.
