AST SpaceMobile Falls 8% as Piper Sandler Cuts Target to $54 on SpaceX Competition; Rocket Lab Slips
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The post AST SpaceMobile Falls 8% as Piper Sandler Cuts Target to $54 on SpaceX Competition; Rocket Lab Slips appeared first on 24/7 Wall St..
AST SpaceMobile (NASDAQ:ASTS) stock is down 8% to $43.38 after a Wall Street downgrade tied to rising competition in direct-to-cell service. That drop is far deeper than anything else in the space group. Its launch provider is also the rival best able to crowd it out, and that tension now drives the debate over AST SpaceMobile shares.
Meanwhile, Rocket La
AST SpaceMobile (NASDAQ:ASTS) stock is down 8% to $43.38 after a Wall Street downgrade tied to rising competition in direct-to-cell service. That drop is far deeper than anything else in the space group. Its launch provider is also the rival best able to crowd it out, and that tension now drives the debate over AST SpaceMobile shares.
Meanwhile, Rocket La
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