AST SpaceMobile (ASTS) News Today

AST SpaceMobile, Inc. (NASDAQ: ASTS) is seeing mixed analyst activity and strategic moves influencing its stock. Below are the key developments that may be driving the price upward or downward:

• Positive Sentiment: AST SpaceMobile agreed to acquire Global S-Band spectrum priority rights for $64.5 million, expanding its spectrum holdings to support its space-based broadband strategy. AST SpaceMobile to acquire S-Band spectrum priority rights for $64.5M
• Positive Sentiment: Analyst B. Riley boosted its price target on ASTS shares from $44 to $60 and maintained a Buy rating, signaling increased confidence in the company’s growth prospects. B. Riley Increases PT on AST SpaceMobile from $44 to $60, Keeps Buy Rating
• Neutral Sentiment: Market watchers compared AST SpaceMobile with peer Sonim Technologies in a broader review of under-the-radar telecom stocks. Reviewing AST SpaceMobile (NASDAQ:ASTS) and Sonim Technologies (NASDAQ:SONM)
• Neutral Sentiment: Analysts previewed ASTS’s Q2 earnings release, outlining key metrics to watch and the potential impact on guidance. AST SpaceMobile to Post Q2 Earnings: What's in the Cards?
• Negative Sentiment: Scotiabank cut its price target on ASTS from $45.40 to $42.90 and downgraded the stock to “sector perform,” indicating an 8% downside outlook. AST SpaceMobile (NASDAQ:ASTS) Price Target Lowered to $42.90 at Scotiabank
• Negative Sentiment: An analyst downgrade drove ASTS shares lower, with the stock ticking down after a re-evaluation of its near-term wireless connectivity prospects. AST SpaceMobile (NASDAQ:ASTS) Shares Down 1.1% on Analyst Downgrade
• Negative Sentiment: Another analyst reduced its outlook, contributing to a further dip in ASTS’s share price by over 5% this week. AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 5.3% on Analyst Downgrade