Bank of America and New Street Research Maintain Neutral Stance on AST SpaceMobile (ASTS) Amid Launch Delays
Key takeaways
- Bank of America and New Street Research Maintain Neutral Stance on AST Space Mobile (ASTS) Amid Launch Delays Sheryar Siddiq Tue, June 2, 2026 at 4:37 PM GMT+7 2 min read ASTS AST Space Mobile, Inc.
- Bank of America recognizes the drive for low Earth orbit companies and sees AST SpaceMobile’s mobile service provider partnerships as a solid basis for revenue growth.
- Similarly, New Street Research began coverage of AST SpaceMobile, Inc.
Bank of America and New Street Research Maintain Neutral Stance on AST Space Mobile (ASTS) Amid Launch Delays Sheryar Siddiq Tue, June 2, 2026 at 4:37 PM GMT+7 2 min read ASTS AST Space Mobile, Inc. (NASDAQ:ASTS) ranks among the best short squeeze stocks to invest in. On May 14, Bank of America maintained its Neutral rating on AST Space Mobile, Inc. (NASDAQ:ASTS), citing competitive pressures and launch delays that have affected the company’s long-term goals. The firm observes that while a new deal could improve AST SpaceMobile’s carrier partnerships, near-term stock performance depends on satellite launch frequency and service revenue generation.
Bank of America recognizes the drive for low Earth orbit companies and sees AST SpaceMobile’s mobile service provider partnerships as a solid basis for revenue growth. That said, the firm stated that mounting competitive challenges and recent launch delays offset the company’s long-term promise and headline-driven success.
Similarly, New Street Research began coverage of AST SpaceMobile, Inc. (NASDAQ:ASTS) with a Neutral rating and a target price of $80. According to the firm, AST Spacemobile is attempting to create a 90-satellite constellation that will provide constant mobile coverage throughout the world.