Deutsche Bank Maintains Buy on AST SpaceMobile, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Bryan Kraft has maintained a Buy rating on AST SpaceMobile (NASDAQ:ASTS) but has reduced the price target from $32 to $23.
November 21, 2023 | 4:00 pm
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Deutsche Bank maintains a Buy rating on AST SpaceMobile but lowers the price target from $32 to $23, indicating a potential decrease in stock value but still a positive outlook.
The reduction in price target by Deutsche Bank suggests a reassessment of AST SpaceMobile's future valuation, potentially due to market conditions or company performance. However, maintaining a Buy rating indicates a continued positive outlook on the company's prospects. This mixed signal could lead to short-term uncertainty in the stock price, but the overall positive stance might mitigate any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100