AST SpaceMobile Stock (ASTS) Seen Going Higher in Price Target Hike

AST SpaceMobile stock (NASDAQ:ASTS) is attracting attention this morning, following Roth Capital's decision to raise its price target, signaling strong confidence in the company's future prospects. The stock is currently trading at $68.70, flat in the pre-market, but the revised price target suggests a substantial potential upside.

Roth Capital analyst Scott Searle increased the firm's price target on AST SpaceMobile to $82.50 from $56, reiterating a Buy rating on the shares. This bullish outlook stems from the company's Q3 2025 report, which included $1 billion in future revenue commitments and a fully funded plan for a constellation of up to 100 satellites. The analyst firm believes AST SpaceMobile's construction and launch timelines are progressing as expected. Roth Capital anticipates the company achieving 2% direct-to-device penetration by 2030, a figure they consider conservative, especially when compared to T-Mobile's T-Sat penetration at launch.

While the Q3 2025 earnings revealed revenue of $14.7 million, primarily from U.S. Government contracts and gateway deliveries, this fell short of analyst expectations. The company reported a net loss of $0.45 per share, below the anticipated loss of $0.18 per share. Despite this, AST SpaceMobile maintains a robust cash position of $3.2 billion and has reaffirmed its revenue guidance for the second half of 2025, projecting between $50 million and $75 million. This strong financial foundation supports the company's ambitious deployment strategy.

Recent strategic partnerships have further solidified AST SpaceMobile's position in the market. A collaboration with Vodafone aims to establish a Europe-led satellite constellation, enhancing mobile connectivity across underserved areas in Europe. This positions AST SpaceMobile as a direct competitor to existing satellite services, tapping into a market projected to exceed $10 billion by 2033. Additionally, a partnership with Verizon includes a $100 million commitment for satellite direct-to-cellular service, aiming to eliminate dead zones and provide space-based connectivity to remote areas in the United States.

AST SpaceMobile has also achieved significant milestones in its satellite deployment strategy, successfully launching its first five commercial satellites, known as Bluebird, into low Earth orbit. These satellites, featuring the largest-ever commercial communications arrays, are designed to offer non-continuous service across the United States. This progress is a crucial step towards creating a space-based cellular broadband network that directly links with mobile devices, eliminating the need for ground-based infrastructure.

Roth Capital sees “meaningful upside” potential to its 2028-2030 earnings expectations, believing the company's earnings per share will likely be closer to $10 than its current $2.75 estimate. The firm's projections suggest that the market may be underestimating AST SpaceMobile's long-term growth potential, particularly as it scales its satellite network and expands its service offerings. With a 217.47% year-to-date increase, the stock demonstrates strong investor confidence, although recent earnings have introduced some caution.