Scotiabank Raises AST SpaceMobile (ASTS) Price Target to $55.70

On October 23, 2026, Scotiabank changed its view on AST SpaceMobile, Inc. (NasdaqGS: ASTS), raising its rating to Sector Outperform while lifting its price target to $55.70 from $50.80. The research note was released on a day when the space-based cellular broadband company closed at $39.79.

ASTS AST SpaceMobile, Inc.

$39.79 ▼ -52.33% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Scotiabank's Call on AST SpaceMobile

In its October 23 report, Scotiabank adjusted its target from $50.80 up to $55.70 while issuing a Sector Outperform rating. Analyst calls are forward-looking views from Wall Street firms on how a stock might perform over the coming months.

Other Institutional Activity in AST SpaceMobile

Large funds and corporate partners have actively adjusted their holdings in the communication equipment maker. Rakuten Group, Inc. cut its position by 50.0%, selling 15,510,078 shares to end with 15,510,078 shares valued at about $617.1 million as of June 30, 2026. Alphabet Inc. kept its stake steady at 8,943,486 shares worth roughly $355.9 million. Marex Group Ltd. grew its holdings by 135.6%, adding 3,579,689 shares to finish with 6,220,357 shares worth about $247.5 million. Vodafone Ventures Ltd held its position unchanged, keeping 5,471,743 shares valued at roughly $217.7 million.

AST SpaceMobile, Inc. Stock Down 2.6%

AST SpaceMobile, Inc. recently traded around $39.83 as of October 23, 2026, sitting close to its session close of $39.79. The stock trades below its 50-day moving average of $58.31 and its 200-day moving average of $79.06. Shares trade above their 52-week low of $37.80, though they sit far below the 52-week high of $133.86.

Recent Earnings

AST SpaceMobile reported trailing twelve-month revenue of $115.3 million alongside a negative trailing earnings per share of $2.13. The company posts a return on equity of negative 45.6% and carries a forward P/E ratio that is not meaningful due to a lack of profitability. The next earnings release is scheduled for November 9, 2026.

Insider Buying and Selling at AST SpaceMobile, Inc.

Insiders completed several transactions earlier in the year. Chief Financial Officer Andrew Martin Johnson sold 45,809 shares on June 11, 2026, at an average price of $93.81 for a total value of about $4.3 million. Later, Director Adriana Cisneros bought 10,822 shares on August 31, 2026, valued at roughly $619,200. Chief Operating Officer Shanti B. Gupta sold 12,000 shares on September 16, 2026, at an average price of $58.89, and Chief Technology Officer Huiwen Yao sold 40,000 shares on September 16, 2026, at an average price of $58.93.

Analysts Set New Price Targets

Wall Street firms have actively adjusted their views on the company. Berenberg initiated coverage with a Buy rating and a $92.00 target on September 2, 2026. B. Riley Securities downgraded the stock to Neutral with a $65.00 target on October 2, 2026. Deutsche Bank upgraded the stock to Buy with a $93.00 target on October 12, 2026. Piper Sandler downgraded the stock to Neutral with a $54.00 target on October 13, 2026. Overall, the stock carries a hold recommendation key from a total of twelve analyst opinions.

About AST SpaceMobile

Headquartered in Midland, Texas, AST SpaceMobile, Inc. designs and builds space satellites to create a direct-to-smartphone cellular broadband network. The company aims to connect standard mobile devices in areas that lack normal ground-based cell tower coverage for commercial and government users. With 1,126 employees, the firm operates in the communication equipment sector.

Bottom Line

Investors look toward the upcoming earnings release on November 9, 2026, for further operational updates from AST SpaceMobile. The stock continues to draw mixed analyst views and active institutional repositioning as it develops its satellite network.