---
title: "AST SpaceMobile: Navigating Early Growth with Strong Future Potential Amidst High Costs and Pending Developments"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265893041.md"
description: "Bank of America Securities analyst Michael Funk maintains a Hold rating on AST SpaceMobile with an $85 price target, citing high current costs and pending developments despite strong future potential. The company is in early satellite launch stages, with significant prepayments from mobile operators but awaits further progress on government contracts and revenue recognition. UBS also maintains a Hold rating with a $43 target."
datetime: "2025-11-14T10:16:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265893041.md)
  - [en](https://longbridge.com/en/news/265893041.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265893041.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265893041.md) | [繁體中文](https://longbridge.com/zh-HK/news/265893041.md)


# AST SpaceMobile: Navigating Early Growth with Strong Future Potential Amidst High Costs and Pending Developments

Analyst Michael Funk from Bank of America Securities maintained a Hold rating on AST SpaceMobile and keeping the price target at $85.00.

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Michael Funk has given his Hold rating due to a combination of factors related to AST SpaceMobile’s current operational and financial status. The company is in the early stages of its satellite launch and manufacturing process, with a vertically integrated approach that is nearing its target run rate. While ASTS has secured launch contracts with major providers like SpaceX and Blue Origin, the full realization of its satellite constellation is not expected until the end of 2026.  
Additionally, the company’s cost per satellite is projected to decrease significantly over time, but current costs remain high. ASTS has also secured over $1 billion in prepayments from mobile network operators, indicating strong future revenue potential. However, the company is still awaiting progress on multiple fronts, including government contracts and further revenue recognition. These factors contribute to the decision to maintain a Neutral rating, with a price objective of $85, as the company navigates its growth trajectory.

In another report released on November 11, UBS also maintained a Hold rating on the stock with a $43.00 price target.

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- [AST SpaceMobile, Inc. (ASTS.US)](https://longbridge.com/en/quote/ASTS.US.md)

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