AST SpaceMobile rises as Bank of America lifts target to $100
AST SpaceMobile shares are higher as investors continue to price in a more constructive analyst outlook, highlighted by Bank of America raising its price target to $100 from $85 while keeping a Neutral rating. The move comes as enthusiasm builds around growing 2026 interest in LEO satellite connectivity and ASTS’s expanding government opportunity narrative.
1. What’s moving the stock
AST SpaceMobile (ASTS) is trading higher in the latest session, with sentiment supported by an analyst price-target increase that has stayed in focus across recent trading days. Bank of America lifted its ASTS price target to $100 from $85 and maintained a Neutral rating, pointing to rising interest in low-Earth-orbit satellite providers in 2026 as part of a broader communications infrastructure outlook.
2. Why it matters
With ASTS already valued as a high-expectation, execution-driven story, incremental bullishness from large Wall Street firms can act as a near-term catalyst—especially when it frames ASTS within a stronger 2026 demand backdrop for satellite-to-device connectivity. The target raise reinforces the view that investor attention is rotating toward LEO connectivity themes even as rating language stays cautious.
3. What to watch next
Key swing factors remain constellation build-out progress, timeline clarity for broader service, and the company’s ability to translate early government opportunity into durable, scaled revenue. Traders will also be watching for additional analyst actions, contract updates, and financing/capital structure developments that can materially change the risk profile for a capital-intensive rollout.