Barclays Boosts AST SpaceMobile Stock Target Ahead of BlueBird 6 Launch
Barclays Bank has raised its share price target for AST SpaceMobile (NASDAQ: ASTS) from $37 to $60, advising clients to consider the stock as 'overweight'. This upgrade comes as AST prepares for the launch of its BlueBird 6 satellite, the first of many planned for 2025 and 2026.
AST SpaceMobile's BlueBird 6 satellite, also known as FM1, has successfully completed its final assembly and testing. It is set to be shipped to India on a giant Antonov cargo aircraft on October 12, 2025. The launch date for BlueBird 6 is yet to be announced but is expected before Christmas.
The BlueBird satellites, including BlueBird 6, will be the largest commercial satellites ever deployed in Low Earth Orbit (LEO). Each will feature a 2,400 sq ft phased array. AST plans to launch BlueBirds 8-16 every 1-2 months on average during 2025 and 2026, aiming to have 45-60 satellites in orbit by the end of 2026.
AST has partnered with over 50 mobile network operators serving nearly 3 billion subscribers. By early 2026, AST expects to have completed 40 phased arrays, with BlueBird 46 being the last in this batch. BlueBird 7 is well advanced and will be delivered to its SpaceX launch site in Cape Canaveral in October.
Barclays Bank's upgrade of AST's share price target reflects the company's significant progress and future potential. AST's BlueBird 6 satellite is ready for flight, with a launch expected before Christmas. The company's ambitious launch schedule for 2025 and 2026, along with its partnerships with major mobile network operators, positions AST SpaceMobile for substantial growth in the coming years.
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