AST SpaceMobile (ASTS) shares jumped more than 11% after Berenberg initiated coverage of the stock with a Buy rating on Wednesday.
The move is part of a broader push by the broker to highlight investment opportunities across the space sector following a period of volatility.
Berenberg launched coverage of four space stocks simultaneously, all receiving Buy ratings from the firm’s analysts.
The four stocks receiving new Buy ratings are AST SpaceMobile (ASTS), Rocket Lab (RKLB), Planet Labs (PL), and HawkEye 360.
The initiations come after a period of sector-wide enthusiasm that had driven space stocks sharply higher before a notable pullback.
Space stock euphoria had peaked ahead of SpaceX’s record-setting initial public stock offering, after which the broader sector fell back to Earth.
Berenberg’s move signals renewed institutional confidence in the commercial space industry despite the recent turbulence across the sector.
Rocket Lab (RKLB) shares gained approximately 0.90% on the day, while Planet Labs (PL) climbed nearly 3.79% following the new coverage.
AST SpaceMobile (ASTS) led the group with the sharpest single-day gain, surging 11.83% as investors responded to the fresh analyst endorsement.
The coverage initiations suggest Berenberg views the current price levels across these space names as attractive entry points for longer-term investors.
HawkEye 360, which is not publicly traded on major exchanges in the same manner as its peers, was also included among Berenberg’s recommended names.
The broader space investment landscape remains closely watched as SpaceX’s anticipated public offering continues to cast a long shadow over comparable companies.
Analysts and investors have debated whether the sector’s recent correction represents a buying opportunity or the early stages of a prolonged reset in valuations.
Berenberg’s decision to cover four names at once with uniform Buy ratings suggests the firm sees a compelling risk-reward setup across multiple segments of the space economy.
