AST SpaceMobile (ASTS) shares rose 1% to $51.46 on Monday, after trading up as much as 4% at $52.86 in morning trading and touching an intraday high of $54.67.

The move followed an upgrade from Deutsche Bank, which lifted its rating on the stock from Hold to Buy and assigned a $93 price target, a level implying roughly 81% upside from the previous close. Trading volume reached 21.7 million shares, roughly 30% above the stock's daily average of approximately 16.7 million.

Even with Monday's bounce, AST SpaceMobile stock remains down 27% year to date. The 52-week range runs from $47.57 to $133.86, leaving shares trading much closer to their low than their high.

BlueBird Satellites Arrive at Cape Canaveral

AST SpaceMobile said over the weekend that BlueBird satellites 14, 15 and 16 have arrived at Cape Canaveral. No launch date has been announced.

Thirteen satellites are currently in orbit, and the company is targeting a constellation of about 45 by early 2027 — a goal that requires more than 30 additional satellites to reach orbit, with launch timing still undetermined.

Other space-related names traded mixed. Rocket Lab (RKLB) fell 0.8% to $67.66, and Intuitive Machines (LUNR) slipped 0.5% to $13.13, while the Procure Space ETF (UFO) gained 0.2% to $42.05.

Berenberg Maintains Buy Rating After SpaceX Spectrum Deal

Berenberg kept its Buy rating on AST SpaceMobile after SpaceX agreed to acquire a low-band spectrum portfolio from Grain Management. Low-band frequencies are generally prized in wireless for their reach, traveling farther and penetrating buildings more effectively than higher-frequency airwaves. The transaction still requires approval from the Federal Communications Commission (FCC).

Berenberg analyst Michael Filatov argued that the spectrum purchase makes AST SpaceMobile more relevant to the industry. In his view, the deal positions the company as the natural satellite partner for existing wireless carriers.

Wall Street Remains Split on the Stock

Analyst opinion on AST SpaceMobile is divided. Six analysts rate the stock a Buy, six rate it a Hold, and two rate it a Sell, producing a consensus rating of Hold with an average price target of $84.58 — a level Deutsche Bank's new $93 target now sits above.

Recent coverage changes include UBS initiating the stock with a Buy rating in September and Cantor Fitzgerald raising its price target from $80 to $90 in August.

The company's most recent quarterly results fell short of estimates. AST SpaceMobile reported a loss of $0.77 per share, wider than the expected loss of $0.32, and revenue of $31.52 million trailed the $34.53 million forecast.

Insider activity went in both directions. Director Adriana Cisneros purchased 10,822 ASTS shares at $57.22 on August 31, while Chief Operating Officer Shanti Gupta sold 12,000 shares at $58.89 on September 16.

The stock remains below its 50-day moving average of $62.91 and its 200-day moving average of $75.58, both sitting above Monday's intraday high of $54.67. AST SpaceMobile's market capitalization stands at approximately $20 billion.

This article was originally published by CoinCentral: AST SpaceMobile (ASTS) Stock Jumps 4% on Satellite News and a Deutsche Bank Upgrade.