Deutsche Bank Maintains Buy on AST SpaceMobile, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Bryan Kraft maintains a Buy rating on AST SpaceMobile (NASDAQ:ASTS) but lowers the price target from $23 to $19.
April 03, 2024 | 5:16 pm
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Deutsche Bank maintains a Buy rating on AST SpaceMobile but lowers the price target from $23 to $19.
While the reduction in price target from $23 to $19 by Deutsche Bank could be seen as a negative signal, the maintenance of a Buy rating suggests continued confidence in AST SpaceMobile's fundamentals. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook from a major bank could help sustain investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100