AST SpaceMobile Is Printing Moon Tickets and Analysts Upgrades (FOMO At It’s Finest)

Apparently, space stocks aren’t dead… they’re just resting between IPO dilution cycles. AST SpaceMobile (up 112% YTD) just had Roth Capital raise its price target from $42 to $51. Bigly. On one hand, it’s not surprising… on another, it’s sus considering these analysts have a long history of setting targets the way a toddler throws spaghetti at the wall and calls it “vision.”

(Source: Giphy) 

So, what’s driving the latest round of “I told you so” in the group chat? Well, for starters, T-Mobile dropped that 1.8 million people signed up for Starlink-enabled D2D texting, which is basically “we invented satellite text messaging for people whose idea of cutting edge is still a green bubble.” Roth is spinning this as “key market validation,” which really just means they need a reason to justify setting a $51 price target for a company whose business model could be summarized as just raising more money. And yet, why not? If you recall, ASTS is acting as the duct tape holding the future of rural broadband together, while Starlink’s service is so inferior even Roth’s interns won’t text their side pieces with it.

(Source: Yahoo Finance) 

Additionally, ASTS secured $100M in non-dilutive equipment funding from Trinity Capital. “Non-dilutive” is catnip for people who buy anything with “space” in the ticker and still get mad when they see a secondary offering hit their Robinhood notifications. The company now runs around with $900M+ in cash and equivalents. Naturally, finance dweebs are salivating over this because it means ASTS has gasoline for manufacturing expansion through 2026, which beats the hell out of funding the next phase by mugging retail investors for loose change.

(Source: Space Daily) 

Of course, your regularly scheduled Cramer sermon also needed a word with this, as the man who has been dead wrong an impressive amount of times many times, stated, “Listen, sunshine, that stock is up like 50 points… ring the register… go buy yourself something fabulous.” He then proceeded to call the balance sheet “hideous,” which in his world means “they’re not Apple, so who cares.” And yet, nothing about the actual cash burn or the fact that ASTS is still, you know, pre-revenue bothers anyone now that the share price went vertical. This is how you know retail’s portfolio painkillers are kicking in.

To be clear, the $100M cash infusion is also earmarked for scaling their BlueBird satellite constellation, which is mostly pitched as a way for people in America’s armpits and global backwaters to finally upload a TikTok. They’re moving from R&D fantasy camp to commercial manufacturing. Translation: their “this time for real” phase.

(Source: Giphy) 

All that’s left is for someone to ask whether Roth’s $51 target is the result of sober financial modeling or just Stockholm syndrome from being left behind on the last space ETF pump. Either way, the lesson is unchanged: in 2025, you don’t need tech, customers, or a balance sheet… just a story. And nothing says “story” like promising phone service on a rock in the middle of the Pacific for the low, low price of "take my money."

In the end, a 21.43% upside price target isn’t anything to scoff at, but you have to understand the underlying aura ASTS is sitting at right now. Sure, they can yeet themselves up to those levels… not a problem (they are clearly on a heater YTD), but what goes up comes down just as fast. Remember that, especially when the business is mainlining fundraising money like Saylor on Bitcoin. Meaning, keep your eyes on AST SpaceMobile and place your bets accordingly. Until next time, friends… 

At the time of publishing, Stocks.News holds positions in Apple and T-Mobile as mentioned in the article.