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Key TakeawaysAST SpaceMobile closed 62% below its May high on October 9, and Deutsche Bank upgraded it to Buy on October 12 with a $93 target, 82% above that close. Deutsche Bank’s case is that AST’s spectrum alone accounts for nearly all of the company’s enterprise value.
According to Woofun AI, Deutsche Bank (DB.US) on Monday officially upgraded its investment rating for AST SpaceMobile Inc. (NASDAQ: ASTS) from 'Hold' to 'Bu | Bitget crypto news!
Shares of AST SpaceMobile (ASTS) climbed nearly 4% in pre-market trading on Tuesday, as analysts brushed aside Friday’s sharp selloff, seeing the recent weakness as a buying opportunity amid improving growth prospects.ASTS shares slumped more than 10% on Friday and recorded a nearly 20% decline ove…