Bank of America Securities analyst Michael Funk has reiterated their neutral stance on ASTS stock, giving a Hold rating on August 7.
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Michael Funk’s rating is based on a combination of factors including AST SpaceMobile’s current financial performance and future growth prospects. The company’s revenue for the second quarter of 2025 fell short of expectations, which has raised concerns about its immediate financial health. Additionally, the higher-than-expected engineering and general administrative costs have contributed to a cautious outlook.
Despite these challenges, AST SpaceMobile has ambitious plans for satellite deployment, aiming for full commercial service by the end of 2026. The company is working towards launching a significant number of satellites, which is critical for its future revenue generation. However, the success of these plans is yet to be proven, and the company needs to demonstrate its ability to convert subscribers into paying customers. Therefore, Michael Funk maintains a Hold rating, awaiting further progress in these areas before considering a more positive stance.
In another report released on August 7, Scotiabank also maintained a Hold rating on the stock with a $42.90 price target.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ASTS in relation to earlier this year.