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.