The Investor
02 Sep 2026, 15:42
AST SpaceMobile Stock Jumps 9.4% as Berenberg Sets $92 Target and UBS Turns Bullish
AST SpaceMobile (NASDAQ: ASTS) shares surged about 9.4% Wednesday following bullish analyst activity, including a new Buy rating from UBS and a $92 price target from Berenberg Bank.
Berenberg set its price target for AST SpaceMobile at $92 while maintaining a Buy rating. With the stock trading around $61.06, the target implies approximately 51% upside from the current share price.
UBS also initiated coverage of AST SpaceMobile, with analyst Christopher Schoell assigning a Buy rating. The new coverage adds another bullish Wall Street view on the satellite communications company.
AST SpaceMobile is developing a space-based cellular broadband network designed to connect ordinary smartphones directly to satellites without requiring specialized hardware. The company operates in the rapidly developing direct-to-device satellite communications market, where successful deployment could significantly expand mobile connectivity in areas with limited terrestrial coverage.
The 9.4% rise appears to reflect increased investor confidence following the two positive analyst actions, particularly Berenberg’s substantial implied upside and UBS’s new Buy recommendation.
AST SpaceMobile (NASDAQ: ASTS) shares surged about 9.4% Wednesday following bullish analyst activity, including a new Buy rating from UBS and a $92 price target from Berenberg Bank.
Berenberg set its price target for AST SpaceMobile at $92 while maintaining a Buy rating. With the stock trading around $61.06, the target implies approximately 51% upside from the current share price.
UBS also initiated coverage of AST SpaceMobile, with analyst Christopher Schoell assigning a Buy rating. The new coverage adds another bullish Wall Street view on the satellite communications company.
AST SpaceMobile is developing a space-based cellular broadband network designed to connect ordinary smartphones directly to satellites without requiring specialized hardware. The company operates in the rapidly developing direct-to-device satellite communications market, where successful deployment could significantly expand mobile connectivity in areas with limited terrestrial coverage.
The 9.4% rise appears to reflect increased investor confidence following the two positive analyst actions, particularly Berenberg’s substantial implied upside and UBS’s new Buy recommendation.
