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AST SpaceMobile (ASTS) Stock Downgraded as Analyst Flags Pricing Risk
TLDR B.Riley downgraded AST SpaceMobile (ASTS) to Neutral from Buy on Monday. The firm cut its price target to $65 from $85, a 24% reduction. ASTS stock fell 3% in early trading to $57.04. Analyst Mike Crawford cited growing competition from Viasat and Space42’s Equatys venture. Wall Street still...
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2 Articles
AST SpaceMobile (ASTS) Stock Downgraded as Analyst Flags Pricing Risk
TLDR B.Riley downgraded AST SpaceMobile (ASTS) to Neutral from Buy on Monday. The firm cut its price target to $65 from $85, a 24% reduction. ASTS stock fell 3% in early trading to $57.04. Analyst Mike Crawford cited growing competition from Viasat and Space42’s Equatys venture. Wall Street still...
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