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Stock impact report

NextNav (NN) Up 49% as Firm Seen an Acquisition Target [Yahoo! Finance]

NextNav Inc. - Common stock (NN) 
Company Research Source: Yahoo! Finance
NextNav rallied by 49.4 percent week-on-week, as investors took heart from a flurry of developments, including analyst expectations that it could become an acquisition target. In a market note earlier in the week, Oppenheimer said that NextNav Inc. (NASDAQ:NN) could be an acquisition target on expectations that it would secure the approval of the Federal Communications Commission (FCC) for its spectrum rebranding plans. 10 Stock News You Can't Miss As Investors Watch AI Trade Momentum Source:Pexels If approved, the listed firm is expected to receive an additional 1MHz of spectrum, giving it continuous 15MHz in the lower 900MHz band for a total of 5.1 billion MHz-POPs. The additional spectrum means that NextNav Inc. (NASDAQ:NN) would be able to serve a larger number of people more effectively. In line with the projections, Oppenheimer upgraded NextNav Inc. (NASDAQ:NN) to “outperform” from “perform” previously, while assigning a $25 price target, or a 9.5 percent upside pot Show less Read more
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