Barclays hiked the AST SpaceMobile stock target to $60 (from $37) because the long-term future looks better, even with minor delays. AST's richer broadband/call/text products mean they can charge more than rivals' basic text-only plans.
Goldman Sachs cut Spotify's stock rating to "Neutral" (from "Buy"). They think the stock price already reflects its strong future revenue growth.
UBS hiked AppLovin's stock target to $810, calling it a "top pick". They expect better Axon 2.0 tech and solid advertiser demand.
OpenAI is hiring engineers for a new "ChatGPT Growth team" to build advanced internal ad infrastructure, signaling a major push for scale, revenue generation, and independence from outside marketing agencies.
Activist investors want Clear Channel Outdoor to sell due to its massive $5 billion debt. CCOH finished shifting to a US-focused ad company, but high debt remains the chief concern for analysts and shareholders.
Fox Corp. is in talks to invest in the U.S. portion of TikTok alongside other major American players like Oracle and Dell.
