Scotiabank has upgraded AST SpaceMobile Inc (ASTS) from Sector Underperform to Sector Perform, reflecting a more optimistic outlook on the company's future. This change, effective November 24, 2025, may indicate improved fundamentals or better-than-expected business performance.
Headquartered in Midland, Texas, AST SpaceMobile engages in building a broadband cellular network in space, designed to operate with standard mobile devices. The company is currently developing its constellation of BlueBird (BB) satellites to provide high-speed cellular broadband services to users beyond terrestrial coverage. With a market capitalization of $19.8 billion and an EPS (TTM) of -1.24, AST SpaceMobile has operations in several countries, including India, Scotland, Spain, and Israel.
The upgrade comes amid a consensus rating of Buy among analysts, with 2 Strong Buy, 8 Buy, 5 Hold, and 2 Sell ratings as of November 1, 2025. Upcoming earnings are anticipated on August 10, 2026, with an estimated EPS of -0.24 and revenue expected at $56.1 million.
Analyst ratings provide insights based on research and financial models, but they should be viewed as one of many factors in investment decisions. As market conditions evolve, so too can analyst opinions, making it essential for investors to consider various perspectives and company fundamentals.