Piper Sandler Cuts AST SpaceMobile (ASTS) Price Target to $54

Piper Sandler has downgraded AST SpaceMobile to Neutral and set a new price target of $54, a 31.26% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:27 PM EDT

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Piper Sandler cut its price target on AST SpaceMobile, Inc. ($ASTS) to $54 from $98 on October 13, 2026, and rates the stock "Neutral".

Since the rating, $ASTS is down 13.6% to date (from the $47.06 close on Oct 13, 2026).

ASTS AST SpaceMobile, Inc.

$40.66 -51.29% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Piper Sandler downgraded AST SpaceMobile, Inc. to a Neutral rating with a reduced price target of $54, down from $98.
Piper Sandler's $54 price target implies 31.26% upside from AST SpaceMobile, Inc.'s ($ASTS) current $41.14 share price.
Shares of AST SpaceMobile recently traded around $41.14, which is about 23.8% below the new analyst target.
The company has seen a significant revenue growth of 2626.6% year-over-year, despite its challenges.

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Piper Sandler has lowered its rating on AST SpaceMobile, Inc. (NASDAQ: ASTS) to Neutral from a previous rating of Buy. The firm also cut its price target to $54 from $98 on October 13, 2026.

Other Institutional Activity in AST SpaceMobile

Several other funds have made moves in AST SpaceMobile. Rakuten Group, Inc. reduced its holdings by 15,510,078 shares, ending with 15,510,078 shares valued at about $630.6 million. BlackRock Inc. grew its stake by 756,343 shares, bringing its total to 15,273,481 shares worth approximately $621 million. Vanguard Portfolio Management LLC increased its position by 2,287,100 shares, now holding 13,330,558 shares valued at around $542 million. Vanguard Capital Management LLC added 1,026,000 shares to its holdings, totaling 12,515,363 shares worth about $508.9 million. Alphabet Inc. maintained its position with 8,943,486 shares valued at approximately $363.6 million.

AST SpaceMobile, Inc. Stock Down 2.4%

AST SpaceMobile shares recently traded around $41.14, which is significantly below its 50-day moving average of $61.80 and its 200-day average of $80.28. The stock is also about 69.3% below its 52-week high of $133.86, but it remains 3.2% above its 52-week low of $39.87. The current market conditions suggest a challenging environment for the stock, especially with the new target from Piper Sandler.

12-month forecast

$ASTS price target

AST SpaceMobile, Inc. daily closes and this analyst's $54 target. Not advice.

Recent Earnings

AST SpaceMobile reported trailing twelve-month revenue of $115.3 million and a net margin of 0.0%. The company has a negative return on equity of 45.6%. The next earnings report is scheduled for November 9, 2026.

Insider Buying and Selling at AST SpaceMobile, Inc.

Recent insider transactions include Adriana Cisneros, a Director, who bought 10,822 shares on August 31, 2026, for a total value of about $619,200. Chief Financial Officer Andrew Martin Johnson sold 45,809 shares on June 11, 2026, at an average price of $93.81, totaling approximately $4.3 million. Chief Operating Officer Shanti B. Gupta sold 12,000 shares on September 16, 2026, at an average price of $58.89, worth about $706,680. Chief Technology Officer Huiwen Yao sold 40,000 shares on the same day at an average price of $58.93, amounting to around $2.4 million.

Analysts Set New Price Targets

On the same day as Piper Sandler's downgrade, Deutsche Bank upgraded AST SpaceMobile to Buy with a price target of $93. Earlier, B. Riley Securities downgraded its rating to Neutral while lowering its target from $85 to $65. The consensus among 12 analysts gives the stock a hold recommendation with a mean price target of $74.28.

About AST SpaceMobile

AST SpaceMobile, Inc. designs and develops a constellation of satellites intended to provide cellular broadband service directly to smartphones. This innovative approach aims to extend cellular coverage to remote areas lacking traditional network infrastructure, making it relevant in today's connectivity-driven world.

Bottom Line

Investors should keep an eye on AST SpaceMobile's upcoming earnings report on November 9, 2026, for insights into its financial health. With Piper Sandler's downgrade and a new target, the stock's performance will be closely watched in the coming weeks.