Advanced Television

AST SpaceMobile gets $42 or $1500 price target

April 14, 2025

An Indian rocket will launch AST SpaceMobile’s (AST) first of its 2nd Generation satellites into orbit in May. AST’s intention is to provide a global direct-to-consumer cellular service in conjunction with partners such as Vodafone, AT&T and Verizon.
Shareholder optimism is also robust, helped by positive reports from some influential investment banks. But two recent reports show very different views of AST’s prospects. For example, Roth Capital Partners, headquartered in California, has initiated coverage of AST with a ‘Buy’ rating and $42 target price.
“AST is a satellite pioneer of direct-to-device (D2D) broadband cellular services that utilise existing mobile network operator (MNO) spectrum to deliver connectivity to a pre-existing base of 5.6 billion unique global smartphone users. With 85-90 per cent of the Earth uncovered by terrestrial services, we estimate a 2030 total addressable market of $30 billion or more. With the company near-fully funded and network commercialisation expected to ramp up in 2026, we expect rapidly accelerating sales growth in late 2026/2027,” says Roth’s note to clients.
That $30 billion market – by the end of this decade – is made up, says Roth, of value-added mobile services to MNO enterprises and consumer subs, government and emergency response plus verticals such as maritime, oil & gas, as well as IoT solutions.
However, if a $42 share price target isn’t quite enough to tempt investors, how about a $1500 price target. Last week’s share price was $23.28. But a blog from an enthusiastic observer who writes as ‘Redrum Capital’ (but has little by way of formal credentials) have also initiated coverage of AST, saying that “The global demand for mobile connectivity continues to surge, with over 3 billion people lacking reliable broadband access.”
The blog might not have Wall Street endorsement but much of it talks perfect sense, and Redrum argues that AST’s direct-to-device satellite technology eliminates the need for specialised equipment, offering a cost-effective solution for both commercial and government applications. “The company’s addressable market spans mobile network operators (MNOs), enterprise customers, defense applications and government contracts, positioning it to capture a significant share of the $1 trillion telecommunications industry.”
Redrum’s optimism extends to highly bullish forecasts for AST’s revenues. This year, says Redrum, AST should see revenues of $100 million to $200 million. In 2026, with a more comprehensive global coverage, revenues should grow to about $3.5 billion, and by 2027 to between $5 billion-$15 billion and helped by having between 60-80 satellites in orbit.
By 2030, revenues should expand to $15 billion to $40 billion and full global coverage. These results, if achieved, will drive share prices from about $25 today to $500 to $1500 over the long term, states Redrum.

Categories: Blogs, Business, Inside Satellite, Satellite

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