B.Riley downgrades AST Spacemobile stock rating on pricing concerns
B.Riley downgraded AST Spacemobile (ASTS) to Neutral, lowering its price target to $65.00 from $85.00 due to pricing concerns. The stock has fallen 38% over six months. ASTS reported Q2 2026 revenue of $31.52M, missing estimates, and remains unprofitable. Analysts remain divided, with Berenberg and Cantor Fitzgerald expressing optimism.
How this was made
The 30-second read
Why it matters
The downgrade underscores concerns about competitive pricing and subscriber uptake, which could weigh on the stock.
Market read
Analyst action on a micro‑cap with recent operational milestones may trigger short‑term price movement.
What to watch
Potential upside from upcoming spectrum license acquisition and long‑term demand for space‑based connectivity.
Background
AST Spacemobile recently shipped multiple BlueBird satellites and reported Q2 2026 results with a loss and revenue miss.
Ticker impact
B.Riley downgraded AST Spacemobile to Neutral and cut the price target to $65 from $85.
downward pressure as the market prices in the lower target and pricing concerns.
The downgrade is a fresh analyst action with a concrete new price target, likely prompting short-term sell pressure.
Market effects
Highlights pricing pressure in the satellite broadband sector and may affect peers like Viasat and SpaceX.
Limited to U.S. and global satellite communications investors.
Modest, as the downgrade is specific to a micro‑cap company.
Counterpoint
Some investors may view the downgrade as an overreaction given the recent deployment milestones.
Key entities
- AnalystB.Riley
Equity research firm issuing the downgrade.
- CompanyAST Spacemobile
Satellite broadband provider.
