Piper Sandler Cuts AST SpaceMobile to Hold, Slashes Target to $54

Piper Sandler downgraded AST SpaceMobile to Hold from Buy on Oct. 13, cutting its price target to $54 from $98, per Barron's. Yahoo Finance put the Oct. 9 close at $50.97, down 10.48%. The analyst cited satellite-launch challenges and SpaceX competition risking rollout delays. I see little cushion if launches slip further.