Cantor Reiterates Buy on AST SpaceMobile
The firm kept its $140 price target as shares climbed more than 14% and the company prepares to report third-quarter earnings.
Updated on Nov. 9, 2026 in Stock Picks
Cantor Fitzgerald reiterated its Buy rating and $140 price target on AST SpaceMobile, and ASTS shares were up more than 14% at the time of writing. The company reports third-quarter earnings after market hours on Monday.
Why it matters
The rating comes as AST SpaceMobile has secured defense and launch agreements aimed at expanding its satellite network, though its shares have fallen about 56% so far in 2026. Investors will be watching whether the earnings results support the company's growth plans.
The rating is an analyst's forward view, with ASTS shares up more than 14% at the time of writing and down about 56% so far in 2026. Expected Q3 revenue is about $46 million, versus $14.7 million a year earlier, but whether results match these expectations remains unknown until the earnings report.
The players
Cantor Fitzgerald
Cantor Fitzgerald is a global financial services firm whose research analysts issue ratings and price targets on publicly traded companies.
AST SpaceMobile
AST SpaceMobile is a company building a space-based cellular broadband network intended to connect standard smartphones directly to satellites.
Firefly Aerospace
Firefly Aerospace is a U.S. space launch company that develops rockets and rocket engines for commercial and government customers.
The details
Cantor Fitzgerald set a $140 price target on the stock. AST SpaceMobile recently secured a U.S. Space Force contract through defense contractor STR for space-based sensing and a deal worth more than $1.3 billion with Firefly Aerospace to develop its reusable Blacklift rocket.
Timeline
Earlier in 2026, AST SpaceMobile secured a $30 million contract from the Space Development Agency.
Last week, the company announced its U.S. Space Force contract and external launch arrangements covering more than 100 additional BlueBird satellites.
On Friday, the company announced its $1.3 billion agreement with Firefly Aerospace.
On Monday, AST SpaceMobile reports third-quarter earnings after market hours.
Deployment of the additional BlueBird satellites is planned for 2027 and 2028.
Market Dynamics
AST SpaceMobile's defense contracts and launch arrangements follow a pattern in which the U.S. Space Force and Space Development Agency increasingly buy services from commercial space firms rather than building them in-house. Its planned Blacklift launches and satellite deployments would extend that pattern into the company's own launch supply.
Investors holding ASTS face near-term volatility tied to Monday's earnings report, where results will show whether the expected tripling of revenue materializes. The company's stock has already fallen sharply this year, so the reiterated $140 target represents a view that differs from the recent share price trend.
The takeaway
Analyst ratings reflect forward expectations rather than guarantees, so readers should compare a price target against the company's actual earnings results once they are released.
What happens next
AST SpaceMobile reports third-quarter earnings after market hours on Monday, and its Blacklift rocket's first flight is targeted for late 2028.
Further reading
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