AST SpaceMobile (NASDAQ: ASTS) stock is up 13% as of 3:22 p.m. ET on Wednesday, Sept. 2, 2026, after Berenberg initiated coverage with a Buy rating.
The S&P 500 and Nasdaq Composite are both up so far in Wednesday’s trading, jumping 0.4% and 0.3%, respectively.
The satellite-communications stock is up after analysts at Berinberg initiated coverage, calling it a Buy and setting a $92 price target — a roughly 50% upside from the stock’s price around midday.
AST SpaceMobile stock jumped as much as 13% Wednesday after Berenberg initiated coverage with a Buy rating and a $92 price target.
AST SpaceMobile (ASTS +12.12%) stock is up 13% as of 3:22 p.m. ET on Wednesday, Sept. 2, 2026, after Berenberg initiated coverage with a Buy rating.
The S&P 500 and Nasdaq Composite are both up so far in Wednesday’s trading, jumping 0.4% and 0.3%, respectively.
AST SpaceMobile
Moneyball Superscore
68/100
Today’s Change
(12.12%) $6.76
Current Price
$62.56
Berenberg’s $92 target implies about 50% upside for AST SpaceMobile
The satellite-communications stock is up after analysts at Berinberg initiated coverage, calling it a Buy and setting a $92 price target — a roughly 50% upside from the stock’s price around midday.
The bank believes that AST can turn its satellite network into a healthy commercial business and that its direct-to-device model plays well with the core service from existing terrestrial communication giants like Verizon and AT&T Inc., rather than trying to compete with them directly.
AST SpaceMobile’s revenue jumped, but so did its losses and debt
In its most recent quarter, the company reported $31.5 million in revenue, a huge year-over-year jump. However, it also reported a $230.9 million net loss and $2.7 billion in cash against roughly $3 billion in long-term debt.
Image source: Getty Images.
This is an extremely capital-intensive business, and unlike its competition, the company doesn’t have a launch business to help offset the costs. Still, I think there is an opportunity here if you keep your allocation small and accept the fact that there is substantial execution risk.
