AST SpaceMobile

ASTS · NASDAQ

$41.13−$0.74 (−1.77%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $41.87

ASTS analyst rating

HoldConsensus of 9 analysts over the last 12 months. 44% rate it a buy.

Strong buy0
Buy4
Hold4
Underperform1
Sell0

12-month price target · 16 analysts

Average $83.74 (+103.6% upside)

Low: $42.92
Now: $41.13
High: $120.75

Upgrades and downgrades

The latest rating actions, newest first

ASTS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 13, 2026	Downgrade	Overweight → Neutral	$98.00 → $54.00	50%
Deutsche Bank	Oct 12, 2026	Upgrade	Hold → Buy	$93.00	64%
B. Riley Securities	Oct 2, 2026	Downgrade	Buy → Neutral	$85.00 → $65.00	61%
Berenberg	Sep 2, 2026	Initiates	Buy	$92.00	0%
UBS	Aug 11, 2026	Maintains	Neutral	$80.00 → $78.00	69%
Piper Sandler	Aug 11, 2026	Maintains	Overweight	$100.00 → $98.00	50%
Cantor Fitzgerald	Aug 11, 2026	Maintains	Overweight	$80.00 → $90.00	45%
Scotiabank	Jul 29, 2026	Upgrade	Sector Underperform → Sector Perform	$50.80	69%
B. Riley Securities	Jul 17, 2026	Upgrade	Neutral → Buy	$85.00	61%
Piper Sandler	Jul 16, 2026	Initiates	Overweight	$100.00	50%

The case for and against

Updated Oct 15, 2026

Bull case

AST SpaceMobile is supported by a differentiated space-based cellular broadband model that works directly with standard mobile devices, giving it a compelling path to monetize the large unmet demand created by terrestrial coverage gaps. Its operating outlook is strengthened by constructive 2026 guidance, improving backlog and revenue building blocks, newly signed government contracts that should contribute in 2026, and stable satellite manufacturing cost trends, even as sequential FCF burn remains a near-term pressure. With commercial service ramping toward roughly 45 satellites in orbit by early 2027, revenue visibility extending to at least a lower bound of about $500 million for 2027, and a view that revenue could potentially reach $1 billion, the company appears positioned for both scale and margin leverage.

Bear case

AST SpaceMobile is burdened by execution risk, with launch delays, supply chain bottlenecks, spectrum interference, and regulatory approvals all threatening the pace of its BlueBird constellation deployment and direct-to-device service rollout. Financially, the company remains deeply cash-intensive, posting 2Q26 sales of $31.5m, adj. EBITDA of -$19m, and FCF burn of -$695m, while higher launch capex and a 1-time conversion loss tied to a launch failure further weaken visibility. Even as government mix may support future growth, the outlook is pressured by cost inflation, potential dilutive capital raises, and the possibility that commercial adoption and profitability arrive later than expected.

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