TipRanks(@TipRanks):🔼AST SpaceMobile $ASTS upgraded to Sector Perform from Underperform at Scotiabank Scotiabank upgraded AST SpaceMobile to Sector Perform from Underperform with a price target of $50.80, up from $41.20. Valuation is "now in a grey area" between $40 and $60 per share following a 43% selloff since early January, notes the analyst, who sees opportunities and risks as "fairly priced in." There may finally be a beta launch in the U.S. this year after multi-year delays, while the preliminary agreement between Rakuten and the Japanese government to deploy a subsidized homegrown D2D constellation "highlights SpaceMobile's global reach and impressive technology," the analyst added.

2026.07.29 10:46

🔼AST SpaceMobile $ASTS upgraded to Sector Perform from Underperform at Scotiabank Scotiabank upgraded AST SpaceMobile to Sector Perform from Underperform with a price target of $50.80, up from $41.20. Valuation is "now in a grey area" between $40 and $60 per share following a 43% selloff since early January, notes the analyst, who sees opportunities and risks as "fairly priced in." There may finally be a beta launch in the U.S. this year after multi-year delays, while the preliminary agreement between Rakuten and the Japanese government to deploy a subsidized homegrown D2D constellation "highlights SpaceMobile's global reach and impressive technology," the analyst added.