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    Is AST SpaceMobile (ASTS) Undervalued After Its AT&T Handoff And New Contract Wins?

    Simply Wall St·11/09/2026 09:24:52
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    AST SpaceMobile (ASTS) has moved back into focus after a series of real-world milestones, including a live AT&T satellite handoff, new Brazil spectrum rights, and a fresh U.S. Space Force contract.

    Despite the recent AT&T handoff milestone, Brazil spectrum win, and fresh U.S. Space Force work, AST SpaceMobile’s share price return is still down 36.6% over the past month and 61.3% year to date, while the three year total shareholder return is up more than 7x. This mix points to strong long term enthusiasm but fading near term momentum as investors reassess execution risks and capital needs at a latest share price of $32.33.

    Spot emerging peers to AST SpaceMobile by scanning our curated list of 53 AI infrastructure stocks that could benefit from the same push toward space based and next generation connectivity.

    AST SpaceMobile now trades at a steep discount to both analyst targets and intrinsic estimates after a sharp pullback. Is this a signal of market overreaction to fresh execution worries, or a fair reset on valuation risk as funding needs loom?

    Most Popular Narrative: 81% Undervalued

    AST SpaceMobile’s most followed valuation view on Simply Wall St places fair value at $170 per share, well above the latest close at $32.33. This frames the current pullback as unusually harsh according to that lens. That view, set out by HedgeY, an investor in the Simply Wall St Community, focuses on execution milestones and balance sheet strength as the key swing factors.

    Bull case: AST may be building one of the most valuable telecom infrastructure platforms of the next decade. If it can make direct-to-cell broadband work at scale with major operator partners, the addressable market is enormous and the strategic value could be exceptional. The strong cash position, carrier backing, and current launch plan are what make the story investable at all.

    See why 95 investors see AST SpaceMobile as 81% undervalued.

    Result: Fair Value of $170 (UNDERVALUED)

    Still, the bullish AST SpaceMobile story can crack if satellite deployment slips materially or if carrier partners delay turning trials into recurring service revenue.

    Find out about the key risks to this AST SpaceMobile narrative.

    Next Steps

    Mixed feelings about AST SpaceMobile after this pullback and its big ambitions. Move quickly, review the underlying data, and weigh the 2 key rewards and 2 important warning signs.

    Looking for more investment ideas beyond AST SpaceMobile?

    If AST SpaceMobile has your attention but you want backup options too, broaden your watchlist now with ideas built from hard numbers, not hype.