Scotiabank Maintains Sector Outperform on AST SpaceMobile, Lowers Price Target to $7.4
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andres Coello maintains a Sector Outperform rating on AST SpaceMobile (NASDAQ:ASTS) but lowers the price target from $7.5 to $7.4.
April 02, 2024 | 3:23 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Outperform rating on AST SpaceMobile, with a slight decrease in the price target from $7.5 to $7.4.
The adjustment in price target by Scotiabank reflects a minor revision in valuation expectations for AST SpaceMobile. Given the maintenance of the Sector Outperform rating, the impact on the stock price is likely neutral in the short term. The slight decrease in the price target suggests a minor adjustment rather than a significant change in the company's outlook or fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100