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

Baptista Research

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.

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'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?

AST SpaceMobile Inc

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