Deutsche Bank upgrades AST SpaceMobile to Buy with $93 target, citing spectrum value and misread sell‑off
+1 new source since this summary was written
Deutsche Bank lifted its rating on AST SpaceMobile Inc. (ASTS) from Hold/Neutral to Buy on October 12, 2026, maintaining a $93 price target. Analyst Bryan Kraft said the recent 10% Friday sell‑off after SpaceX’s spectrum purchase was a misreading of the market and highlighted the company’s spectrum assets, a likely T‑Mobile partnership, and government/Japan opportunities as catalysts. The upgrade sent the stock up about 5% in pre‑market trading.
Why it matters
The bank’s $93 target implies roughly 82% upside from the Friday close of $50.97, suggesting a sizable short‑term gain for investors. The rating change also signals renewed confidence in AST’s spectrum valuation and upcoming commercial deals, which could support future revenue growth.
Key facts
- 1Deutsche Bank upgraded AST SpaceMobile to a Buy rating on October 12, 2026. investing.com
- 2The bank set a price target of $93 per share. investing.com
- 3The upgrade implies about 82% upside from the Friday close of $50.97. finance.biggo.com
- 4ASTS shares rose roughly 5% in pre‑market trading after the upgrade. finance.biggo.com
- 5The stock had fallen about 10% on Friday after SpaceX announced a purchase of 800 MHz spectrum. finance.biggo.com
- 6Deutsche Bank cited the company’s spectrum holdings, a potential T‑Mobile partnership, and government/Japan catalysts as reasons for the upgrade. finance.biggo.com
Open questions
- Market capitalization is reported as $21.10 billion versus $15.28 billion, a conflict on the same basis.
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.