Deutsche Bank Rates AST SpaceMobile (ASTS) Buy, $93 Price Target

Deutsche Bank raised its rating on AST SpaceMobile, Inc. (NASDAQ: ASTS) to a Buy on October 12, 2026, with a price target of $93. This new target is unchanged from its previous target.

Other Institutional Activity in AST SpaceMobile

Several other institutional investors have been active with AST SpaceMobile recently. Blackrock Inc. increased its stake by 756,343 shares, totaling 15,273,481 shares valued at about $621 million. Vanguard Portfolio Management LLC added 2,287,100 shares, bringing its total to 13,330,558 shares worth around $542 million. Vanguard Capital Management LLC also boosted its position by 1,026,000 shares, ending with 12,515,363 shares valued at about $509 million. In contrast, Rakuten Group, Inc. sold off its entire position, reducing its holdings by 15,510,078 shares.

AST SpaceMobile, Inc. Stock Down 2.4%

As of October 16, 2026, AST SpaceMobile shares are trading at $41.14, which is significantly below the 50-day moving average of $61.80 and the 200-day moving average of $80.28. The stock is also 69.3% below its 52-week high of $133.86 but remains 3.2% above its 52-week low of $39.87. The recent trading levels suggest that the stock is underperforming compared to its analyst target.

Recent Earnings

AST SpaceMobile reported trailing twelve months (TTM) revenue of $115.3 million, with a revenue growth rate of 2626.6% year-over-year. However, the company has a negative net margin of 0.0% and a return on equity (ROE) of -45.6%. The next earnings report is scheduled for November 9, 2026.

Insider Buying and Selling at AST SpaceMobile, Inc.

In recent insider trades, Chief Financial Officer Andrew Martin Johnson sold 45,809 shares on June 11, 2026, at an average price of $93.81, totaling approximately $4.3 million. Director Adriana Cisneros purchased 10,822 shares on August 31, 2026, valued at about $619,200. Additionally, Chief Operating Officer Shanti B. Gupta and Chief Technology Officer Huiwen Yao sold 12,000 and 40,000 shares respectively on September 16, 2026, at prices of $58.89 and $58.93, totaling around $706,680 and $2.4 million.

Analysts Set New Price Targets

On October 12, 2026, Deutsche Bank upgraded AST SpaceMobile to a Buy rating with a price target of $93. Earlier, on August 11, 2026, UBS maintained a Neutral rating with a target of $78, while Piper Sandler also kept an Overweight rating with a target of $98. The consensus among analysts gives a mean price target of $74.28, with 12 analysts providing their opinions.

About AST SpaceMobile

AST SpaceMobile, Inc. designs and develops a network of satellites to provide cellular broadband services directly accessible by smartphones. This innovative approach aims to bridge the gap in cellular coverage, especially in remote areas. The recent upgrade by Deutsche Bank reflects growing confidence in the company’s potential to expand its services and customer base.

Bottom Line

Investors will be watching AST SpaceMobile closely as it prepares to report earnings on November 9, 2026, and as Deutsche Bank's new price target suggests significant upside potential from current levels. Keep an eye on further analyst updates and institutional activities as the company continues to grow.