Deutsche Bank calls ASTS selloff an opportunity to buy shares

what happened

Shares of AST SpaceMobile (ASTS) advanced nearly 4% in Tuesday’s pre-market session after a sharp decline on Friday. Stocktwits reported that the shares dropped more than 10% in one day and almost 20% over the previous three sessions. The stock is down more than 60% from its May record high of $133.86.

On Monday, Deutsche Bank upgraded ASTS from Hold to Buy while leaving its price target at $93. Analyst Bryan Kraft described the recent weakness as an “opportune time” to take a more bullish view of the company and pointed to several developments that had received little attention. The bank said SpaceX’s planned purchase of Grain Management’s 800 MHz spectrum would not materially improve Starlink’s position against AST SpaceMobile as a satellite partner for traditional telecom operators. Investing.com reported that T-Mobile could eventually replace Starlink with AST SpaceMobile for direct-to-device satellite services.

Berenberg also kept a Buy rating on ASTS. The company has completed launches through BlueBird 13, while BlueBirds 14, 15 and 16 are already at the Cape Canaveral launch site. AST SpaceMobile plans to deploy around 45 satellites during 2026 and has partnerships with more than 60 mobile operators serving over three billion subscribers. Second-quarter revenue was $31.5 million, and the company maintained its 2026 revenue outlook of $150 million to $200 million.

why it matters

Competition with SpaceX and the execution of AST SpaceMobile’s launch and revenue plans remain key issues for satellite-communications equities. Stocktwits sentiment stayed “extremely bullish” even as ASTS fell nearly 40% this year.

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