B. Riley analyst Mike Crawford has upgraded AST SpaceMobile stock, moving his rating to Buy from Hold on the satellite connectivity company.
Crawford kept his price target steady at $85 per share, suggesting he sees meaningful upside from current trading levels.
AST SpaceMobile (ASTS) has been one of the more closely watched names in the satellite broadband space, drawing investor attention as the company builds out its network.
The upgrade signals that Crawford believes the stock has reached a valuation level attractive enough to justify a more bullish stance after previously sitting on the sidelines.
Holding a price target at $85 while shifting to a Buy rating indicates Crawford’s confidence in the company’s trajectory has increased without a change in his fundamental outlook on valuation.
AST SpaceMobile is working to build a space-based cellular broadband network designed to connect directly to standard mobile devices, a technology with significant commercial potential.
The company has attracted attention from major wireless carriers and investors who see direct-to-device satellite connectivity as a transformative development in global telecommunications.
Shares of AST SpaceMobile have seen notable volatility as the company progresses through critical milestones in its network deployment and commercial launch phases.
Analyst upgrades from firms like B. Riley can carry weight with institutional investors who track Wall Street sentiment shifts as part of their broader investment decision-making process.
Crawford’s move from Hold to Buy reflects a growing conviction that the risk-reward balance for ASTS shares has shifted favorably at current price levels.
For investors who have been watching AST SpaceMobile from the sidelines, the upgrade from a named analyst with an established price target provides a clearer framework for evaluating entry points.
The broader satellite communications sector continues to attract both investor capital and competitive entrants, making analyst coverage of individual names like ASTS increasingly important for navigating the space.
