AST SpaceMobile saw a surge in its stock price following a positive price target upgrade from analysts at Bank of America. In a report published on Thursday, the firm raised its price target for shares of AST SpaceMobile from $85 to $100, reflecting growing optimism about the low-Earth orbit satellite sector. This sector has previously benefited companies like Rocket Lab and Planet Labs, and analysts predict that interest will further amplify in 2026 as AST SpaceMobile and Starlink compete to provide full cellular service and attract subscribers.
Bank of America analysts noted that key developments, such as the regulatory decisions surrounding Ligado and EchoStar spectrum transactions, alongside Starlink’s intentions to offer complete cellular services, will be crucial to monitor. They emphasized that partnerships with carriers could develop, with clearer pricing structures and service plans expected by year-end as AST SpaceMobile nears full operability of its satellite constellation.
Despite the encouraging price target upgrade, the bank maintained a “neutral” rating on the stock. They expressed the need to see AST SpaceMobile successfully produce and launch its BlueBird satellite constellation, operate it effectively, and convert subscribers into paying customers before becoming more optimistic.
The market seems to be responding positively, evidenced by a remarkable 300% increase in the company’s shares over the past year despite its current lack of profitability. This impressive performance underscores the growing investor confidence in AST SpaceMobile as it positions itself in the expanding satellite communications arena.