BofA Cuts ASTS Price Target To $45 From $80 — Maintains 'Neutral' Rating

What happened

BofA Securities cut its AST SpaceMobile price target to $45 from $80 but kept its rating at “Neutral.” It cited slower satellite launches and later commercial availability after updating its model based on the company’s third-quarter results and management commentary.

Confirmed

Global impact / market context

A slower launch schedule or delayed service could postpone the point when AST SpaceMobile can generate commercial revenue, while technology execution problems could add costs. Those risks help explain BofA’s lower target, though the firm did not change its Neutral rating.

Analyst inference

The article reports mixed analyst views: five of 13 analysts rated the shares Buy or Strong Buy, six Hold, and two Sell or Strong Sell. Their average 12-month target was $74.68, but targets ranged from $42.50 to $108.

Confirmed

What to watch

1. Watch for updates to satellite launch timing and the target of 45 satellites in orbit by mid-2027; delays could push back the expected start of commercial service. Analyst inference
2. Look for company updates on when commercial availability is expected and whether the schedule changes, since later service could postpone revenue from the satellite network. Analyst inference
3. Track disclosures about the plan to develop launch vehicles using Firefly Aerospace’s Miranda engine, including any technology execution issues that could affect launch timing or costs. Analyst inference

Evidence

• stocktwits.com