AST SpaceMobile , the company pioneering space-based mobile broadband, is a buy on weakness, according to Deutsche Bank. The bank upgraded the stock to buy from hold and maintained its $93 price target. That implies upside of 82% from Friday’s close. Shares are down more than 26% year to date, and they dropped 10% on Friday after Elon Musk said SpaceX would buy a nationwide spectrum portfolio, which would allow the space company to compete with mobile providers. However, the stock climbed around 5% on Monday following the upgrade. AST SpaceMobile is the first and only global cellular broadband network in space to be accessible directly by smartphones. The company’s direct-to-cell technology uses satellites equipped with thousands of antennas to deliver reliable broadband coverage to billions of unconnected people globally. ASTS YTD mountain ASTS stock performance in 2026. Analyst Bryan Kraft said with the stock down about 60% from its all-time high of $133.86 in May, now is “an opportune time to become more constructive.” He also called Friday’s “misguided.” The analyst’s renewed faith in the company stems from T-Mobile potentially switching from Starlink to AST as its direct-to-device satellite connectivity partner. Government opportunities could provide another boost. Deutsche Bank highlighted a Space Development Agency letter supporting satellite testing as evidence of progress in expanding AST’s government business. Deutsche Bank’s Kraft also pointed out a potential Japanese project moving closer to approval. That deal could bring up to $1 billion in Japanese government funding for AST’s satellite constellation, he said. Analysts in general are cautious on AST. Of the 16 who cover the stock, nine rate it as a hold, according to LSEG.
Buy the dip on this satellite stock as catalysts line up, says Deutsche Bank
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