AST SpaceMobile (NASDAQ:ASTS) is a company developing a cutting-edge space-based cellular network designed to connect directly to standard smartphones. The stock is currently priced at $74.81. It has a market capitalization, which is the total value of all its shares, of about $30.43 billion.
Analyst firm New Street recently started covering AST SpaceMobile with a 'Neutral' rating. This analyst rating suggests the firm believes the stock is fairly priced. New Street set a price target of $80.00, which is the price they expect the stock to reach, slightly above its current price.
This neutral stance comes after AST SpaceMobile reported disappointing first-quarter 2026 results. As highlighted by Proactive Investors, the company posted a loss of $0.66 per share, much wider than the expected $0.23 loss. Revenue of $14.7 million also fell significantly short of the $39.00 million that analysts predicted.
The wider loss is due to rising costs. Total operating expenses increased to $164.1 million from $126.6 million in the previous quarter. As noted by Zacks, this increase was driven by higher spending on engineering services, administrative costs, and satellite launch activities, leading to a total net loss of $191.00 million.
Despite the weak quarter, company management maintains its full-year revenue forecast of $150.00 million to $200.00 million. As highlighted by Seeking Alpha, they attribute the revenue miss to timing delays in gateway deployments and government projects, not a fundamental weakness in the business itself.
