AST SpaceMobile (ASTS) Stock Jumps 9% as Berenberg Launches Coverage With Buy Rating

TLDR

• Berenberg Bank initiated coverage of ASTS with a Buy rating and a $92 price target
• The $92 target represents roughly 65% upside from its prior close
• ASTS stock climbed over 9% in morning trading on September 2, 2026
• Berenberg cited AST’s position as the only company delivering cellular broadband from space to unmodified smartphones
• The company has over 60 mobile network operator partnerships covering an estimated 3 billion potential subscribers

AST SpaceMobile (ASTS) jumped more than 9% in morning trading on September 2 after Berenberg Bank launched coverage with a Buy rating and a $92 price target. The stock hit a session high of $61.48, up from an opening price of $58.48.

AST SpaceMobile, Inc., ASTS

The $92 target implies around 65% upside from where the stock was trading before the note dropped. That’s the kind of number that gets people’s attention.

Berenberg’s call was simple: AST SpaceMobile is the only company to have proven it can deliver cellular broadband from space directly to unmodified smartphones. No special hardware required on the user end. The bank views that as a hard-to-copy competitive advantage.

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