Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>AST SpaceMobile is advancing its efforts to establish the first global space-based cellular broadband network designed to operate directly with unmodified mobile phones.</li><li>The company leverages a vertically integrated manufacturing approach, a comprehensive spectrum portfolio combining both partner-contributed and company-owned spectrum, and a large patent portfolio exceeding 3,900 patents and pending claims.</li><li>Its technology targets integration with existing mobile network operators (MNOs), aiming to complement terrestrial networks rather than replace them, thereby facilitating seamless connectivity worldwide.</li></ul>

AST SpaceMobile is advancing its efforts to establish the first global space-based cellular broadband network designed to operate directly with unmodified mobile phones.The company leverages a vertically integrated manufacturing approach, a comprehensive spectrum portfolio combining both partner-contributed and company-owned spectrum, and a large patent portfolio exceeding 3,900 patents and pending claims.Its technology targets integration with existing mobile network operators (MNOs), aiming to complement terrestrial networks rather than replace them, thereby facilitating seamless connectivity worldwide.

AST SpaceMobile Goes All-In On Space-Based Cellular — 60+ Partners Are Already On Board!

<ul><li>AST SpaceMobile presented its first quarter 2026 business update, highlighting progress across manufacturing, commercial partnerships, government contracts, and regulatory authorizations.</li><li>The company continues to develop what it describes as the first global cellular broadband network operating directly with unmodified mobile devices via satellites in low Earth orbit.</li><li>Manufacturing capabilities are scaling with over half a million square feet of operations globally and a target production cadence of six assembled satellites per month, primarily focused on the BlueBird satellite line.</li></ul>

AST SpaceMobile presented its first quarter 2026 business update, highlighting progress across manufacturing, commercial partnerships, government contracts, and regulatory authorizations.The company continues to develop what it describes as the first global cellular broadband network operating directly with unmodified mobile devices via satellites in low Earth orbit.Manufacturing capabilities are scaling with over half a million square feet of operations globally and a target production cadence of six assembled satellites per month, primarily focused on the BlueBird satellite line.

AST SpaceMobile’s Hidden Catalyst: Three Billion Subscribers Are Now Within Reach!

<ul><li>AST SpaceMobile has quietly become one of the most talked-about stocks among retail investors, and the reason is fairly simple: it is trying to build something that has never existed before—a cellular broadband network in space that connects directly to everyday smartphones.</li><li>The ambition is enormous.</li><li>Instead of requiring specialized satellite phones, AST SpaceMobile aims to allow ordinary mobile devices to access voice, data, and video connectivity anywhere on Earth.</li></ul>

AST SpaceMobile has quietly become one of the most talked-about stocks among retail investors, and the reason is fairly simple: it is trying to build something that has never existed before—a cellular broadband network in space that connects directly to everyday smartphones.The ambition is enormous.Instead of requiring specialized satellite phones, AST SpaceMobile aims to allow ordinary mobile devices to access voice, data, and video connectivity anywhere on Earth.

AST SpaceMobile vs Starlink: The REAL Battle Wall Street Is Missing!

<ul><li>AST SpaceMobile's third quarter of 2025 business update revealed significant progress across several operational and financial dimensions, indicating both growth potential and ongoing challenges.</li><li>The company is focused on building the first global cellular broadband network in space, directly connecting with unmodified mobile devices—a venture targeting an extensive market with over 6 billion mobile phones globally, but with existing coverage gaps.</li><li>The company reported approximately $14.7 million in revenue, a substantial increase from previous quarters, primarily due to gateway equipment sales and service milestones with U.S. government and commercial partners.</li></ul>

AST SpaceMobile's third quarter of 2025 business update revealed significant progress across several operational and financial dimensions, indicating both growth potential and ongoing challenges.The company is focused on building the first global cellular broadband network in space, directly connecting with unmodified mobile devices—a venture targeting an extensive market with over 6 billion mobile phones globally, but with existing coverage gaps.The company reported approximately $14.7 million in revenue, a substantial increase from previous quarters, primarily due to gateway equipment sales and service milestones with U.S. government and commercial partners.

AST SpaceMobile: Reddit's Favorite Meme Stock Is Accelerating Satellite Production — But Can It Deliver 40 Units by 2026 & Stay Ahead of Competitors?

Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Cross Asset Strategy

<ul><li>Short interest built across cybersecurity names this week, with CRWD leading single-stock moves as analysts cut targets and insiders sold.</li><li>Broad ETF hedges unwound sharply — IJH and CIBR each posted double-digit short interest drops.</li><li>Borrow markets tightened in pockets, with MSFT seeing its sharpest SI spike in months.</li></ul>

Short interest built across cybersecurity names this week, with CRWD leading single-stock moves as analysts cut targets and insiders sold.Broad ETF hedges unwound sharply — IJH and CIBR each posted double-digit short interest drops.Borrow markets tightened in pockets, with MSFT seeing its sharpest SI spike in months.

Weekly Digest: Short Sellers Reload Into Cyber, Flee ETF Hedges

United States

AST SpaceMobile, Inc. operates as a telecommunication company. The Company offers space bases broadband cellular network for mobile phones. AST SpaceMobile serves customers in the United States.

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AST SpaceMobile Inc (ASTS US)

AST SpaceMobile Goes All-In On Space-Based Cellular — 60+ Partners Are Already On Board!

AST SpaceMobile is advancing its efforts to establish the first global space-based cellular broadband network designed to operate directly with...

Baptista Research

AST SpaceMobile’s Hidden Catalyst: Three Billion Subscribers Are Now Within Reach!

AST SpaceMobile presented its first quarter 2026 business update, highlighting progress across manufacturing, commercial partnerships, government...

Baptista Research

AST SpaceMobile vs Starlink: The REAL Battle Wall Street Is Missing!

AST SpaceMobile has quietly become one of the most talked-about stocks among retail investors, and the reason is fairly simple: it is trying to...

Baptista Research

AST SpaceMobile: Reddit's Favorite Meme Stock Is Accelerating Satellite Production — But Can It Deliver 40 Units by 2026 & Stay Ahead of Competitors?

AST SpaceMobile's third quarter of 2025 business update revealed significant progress across several operational and financial dimensions,...

Baptista Research

Weekly Digest: Short Sellers Reload Into Cyber, Flee ETF Hedges

Short interest built across cybersecurity names this week, with CRWD leading single-stock moves as analysts cut targets and insiders sold. Broad...

ORTEX Market Intel

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