AST SpaceMobile Gains Deutsche Bank Buy Rating Amid Expansion

AST SpaceMobile received an upgraded stock rating from Deutsche Bank Aktiengesellschaft on Monday, October 12, 2026, as the satellite company advances its BlueBird constellation and works toward commercial broadband service. The research firm raised its view while setting a $93 price target.

According to MarketBeat Ratings, Deutsche Bank changed its rating from "hold" to "buy" and assigned a $93 target price. The company’s shares had a market capitalization of $21.10 billion, while AST SpaceMobile continued building its satellite network.

AST SpaceMobile has launched 13 BlueBird satellites, according to finance.yahoo.com. The company plans to expand its constellation to 45 satellites next year and eventually exceed 248 satellites to support direct-to-cell broadband coverage.

AST SpaceMobile currently earns revenue from government and defense contracts as well as telecom partner prepayments, rather than commercial satellite operations, according to finance.yahoo.com. The company works with more than 60 carriers reaching over 3 billion wireless subscribers.

Finance.yahoo.com reported that analysts expect AST SpaceMobile revenue to increase from $169 million in 2026 to $1.73 billion in 2028 if the company reaches its expansion goals. Its latest quarterly backlog reached $1.3 billion.

MarketBeat Ratings reported that analyst opinions remain mixed, with six analysts assigning a Buy rating, six assigning a Hold rating, and two assigning a Sell rating.

Several brokerage classifications included the terms "sell (d-)" from Weiss Ratings, "buy" from UBS Group, and "overweight" from Piper Sandler and Cantor Fitzgerald in reports cited by MarketBeat Ratings.

MarketBeat Ratings also listed Royal Bank Of Canada changing its view to "sector perform" and described the overall analyst consensus as "Hold" with an average target price of $84.58.

AST SpaceMobile reported quarterly revenue of $31.52 million and earnings per share of negative $0.77, according to MarketBeat Ratings. The company’s shares traded between a one-year low of $47.57 and a one-year high of $133.86.

MarketBeat Ratings reported that AST SpaceMobile is preparing additional BlueBird satellite launches, with three more satellites arriving at Cape Canaveral. The company also received a 30-day FCC authorization to test radiolocation capabilities in the 902–928 MHz band.

AST SpaceMobile had more than $3.7 billion in liquidity at the end of June, according to finance.yahoo.com. The company has not yet generated commercial revenue from its satellite services.