AST SpaceMobile is trading at $59.43, up 4.19% on October 2, 2026; reporting has not established a specific cause for the intraday rise.
- Broader markets are higher after weaker-than-expected September jobs data lifted rate-cut hopes, offering a plausible backdrop for the advance.
- B. Riley downgraded the stock from Buy to Neutral and cut its price target from $85 to $65, citing stronger competition, launch delays, rising constellation costs and pricing uncertainty. The negative news does not explain the gain.