On Wednesday, Sept. 2. ASTS's nearly 12% gain was welcome news to investors who had endured a brutal slide since shares of the Midland, Texas-based company hit their all-time high (ATH) on May 28.
AST SpaceMobile is building a cellular network in orbit that connects directly to ordinary smartphones, and one bold price target suggests the stock could nearly double from here. But a brutal Q2 miss, a law firm investigation, and a 2.
I'm maintaining AST SpaceMobile with a buy because I think there is more upside than downside ahead. ASTS targets ~$1B in revenue in its first commercial year (2027), with 45 BlueBird satellites in orbit as the key operational milestone. Risk still exists around deployment delay and missing the end-of-year revenue target, not to mention the stock trades at a premium multiple.
AST SpaceMobile ASTS stock surged 11% on Wednesday after Berenberg Bank initiated coverage of the satellite connectivity company with a Buy rating and a $92 price target. The target implies roughly 65% upside from the stock's previous close.
Berenberg launched coverage of four space stocks on Wednesday.
AST SpaceMobile remains a compelling buy, though I downgrade it to buy due to short-term manufacturing delays impacting satellite launch cadence. Q2 call highlighted multi-billion-dollar revenue potential across defense, B2B, IoT, and other segments, with the defense base case now raised to $3 billion annually. Fair value is $165 per share, reflecting a higher discount rate amid manufacturing uncertainty; the long-term target remains $315–$551 per share by 2030.
Space stocks have been on a wild ride this year. Many, if not all, rose by 50% to 100% at the peak, if not more, only to fall back to earth once the SpaceX NASDAQ: SPCX IPO was completed.
Pumpkin spice latte season is upon us, and perhaps no company is looking forward to turning the page on summer more than Midland, Texas-based AST SpaceMobile NASDAQ: ASTS.
AST SpaceMobile???s rapid BlueBird rollout lifts its network to 13 satellites as it targets beta service, 2026 revenue growth and 45 satellites by early 2027.
AST SpaceMobile pairs rapid revenue growth and major carrier partnerships with a steep valuation, heavy spending and demanding satellite execution.
AST SpaceMobile (NASDAQ:ASTS) stock is down 4% to $59.67 midday Wednesday, while the rest of the space complex is barely budging.
AST SpaceMobile's 47.5% slide comes as rapid satellite deployment, heavy spending and launch risk collide with a push toward commercial service.