Piper Sandler Cuts ASTS Price Target to $54
The headline also says ASTS missed its sixth target and cash burn increased, but provides no further details.
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Piper Sandler Downgrades AST SpaceMobile, Cuts Target to $54
Piper Sandler lowered its rating to Neutral from Overweight and its price target to $54 from $98. The analyst cut satellite estimates to 18 by year-end 2026 and 60 by year-end 2027, and expects U.S. direct-to-cell service to begin in the second half of 2027.
Piper Sandler Cuts AST SpaceMobile Price Target to $54 From $98
Piper Sandler also cut its rating on AST SpaceMobile to Neutral from Overweight.