ASTS

Wall Street loves a rocket, but the real satellite race is being fought in radio waves.

On Wednesday, Sept. 2. ASTS's nearly 12% gain was welcome news to investors who had endured a brutal slide since shares of the Midland, Texas-based company hit their all-time high (ATH) on May 28.

RADNOR, Pa., Sept. 04, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, is investigating potential violations of the federal securities laws by AST SpaceMobile, Inc. (NASDAQ: ASTS) on behalf of investors who purchased or acquired AST SpaceMobile, Inc. securities and experienced significant financial losses.

The commercial space sector is undergoing an institutional re-rating. For years, space companies were viewed through the lens of venture-backed speculation.

AST SpaceMobile is building a cellular network in orbit that connects directly to ordinary smartphones, and one bold price target suggests the stock could nearly double from here. But a brutal Q2 miss, a law firm investigation, and a 2.

Space and satellite names are pulling back Thursday morning even as major U.S. benchmarks climb, with a mix of company-specific catalysts failing to stem selling across the commercial space complex. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.

I'm maintaining AST SpaceMobile with a buy because I think there is more upside than downside ahead. ASTS targets ~$1B in revenue in its first commercial year (2027), with 45 BlueBird satellites in orbit as the key operational milestone. Risk still exists around deployment delay and missing the end-of-year revenue target, not to mention the stock trades at a premium multiple.

AST SpaceMobile ASTS stock surged 11% on Wednesday after Berenberg Bank initiated coverage of the satellite connectivity company with a Buy rating and a $92 price target. The target implies roughly 65% upside from the stock's previous close.

AST SpaceMobile remains a compelling buy, though I downgrade it to buy due to short-term manufacturing delays impacting satellite launch cadence. Q2 call highlighted multi-billion-dollar revenue potential across defense, B2B, IoT, and other segments, with the defense base case now raised to $3 billion annually. Fair value is $165 per share, reflecting a higher discount rate amid manufacturing uncertainty; the long-term target remains $315–$551 per share by 2030.

Space stocks have been on a wild ride this year. Many, if not all, rose by 50% to 100% at the peak, if not more, only to fall back to earth once the SpaceX NASDAQ: SPCX IPO was completed.