Why Is AST SpaceMobile Stock Up 13% Today?
AST SpaceMobile stock jumped as much as 13% Wednesday after Berenberg initiated coverage with a Buy rating and a $92 price target.
Overview
AST SpaceMobile (NASDAQ: ASTS) stock is up 13% as of 3:22 p.m. ET on Wednesday, Sept. 2, 2026, after Berenberg initiated coverage with a Buy rating.
The S&P 500 and Nasdaq Composite are both up so far in Wednesday's trading, jumping 0.4% and 0.3%, respectively.
Details
The satellite-communications stock is up after analysts at Berinberg initiated coverage, calling it a Buy and setting a $92 price target -- a roughly 50% upside from the stock's price around midday.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.