- Analyst Mike Crawford of B. Riley Financial downgraded AST SpaceMobile (NASDAQ: ASTS) to Neutral, setting a $65 price target.
- The space-based connectivity stock recently closed at $57.04, experiencing a 3.09% daily drop and a 5.67% monthly decline.
- Analysts forecast a loss of $0.39 per share but significant revenue growth of 206.57% for the next earnings report, with potential Nasdaq-100 inclusion by 2030.
The stock of AST SpaceMobile (NASDAQ: ASTS) is at the forefront of developing large satellite arrays to provide mobile connectivity from space. This innovative company seeks to compete in the burgeoning satellite internet market, where SpaceX’s Starlink is a leading service. Mike Crawford of B. Riley Financial recently downgraded AST SpaceMobile stock to Neutral and set a $65 price target.
That target is about 14% above the stock’s $57.04 closing price on October 1, 2026. A price target is an analyst’s estimate, not a guaranteed future price. The Neutral rating suggests Crawford sees limited reason to favor the telecommunications stock despite the potential gain implied by his target.
AST SpaceMobile closed down $1.82, or 3.09%, at $57.04, while the S&P 500 gained 0.2%, as highlighted by Zacks. Over the preceding month, the stock fell 5.67%, compared with a 4.78% gain for the Computer and Technology sector, reflecting recent tech stock performance.
The Zacks consensus forecast calls for a loss of $0.39 per share and revenue of $45.19 million in the next earnings report. Those estimates represent year-on-year improvements of 13.33% and 206.57%, respectively. A per-share loss means analysts expect the company’s expenses to exceed its earnings even as revenue grows, providing a key insight into its financial outlook.
AST SpaceMobile is also named as a possible Nasdaq-100 addition by 2030, as highlighted by The Motley Fool. That is the author’s prediction, not an announced index change. The stock’s 52-week range runs from $49.31 to $133.86, showing how widely its price has moved over the past year and indicating its inherent volatility and investment potential.