From BigGo Finance · BigGo Finance · · 1m 30s
AST SpaceMobile Shares Rebound After Deutsche Bank Upgrade
Deutsche Bank upgrades AST SpaceMobile to Buy, calling Friday's selloff a market misread.
In brief
Deutsche Bank upgrades AST SpaceMobile to Buy, calling Friday's selloff a market misread. Deutsche Bank upgraded AST SpaceMobile to Buy from Hold, citing Friday's 10% selloff as a misread due to SpaceX's spectrum acquisition not harming AST SpaceMobile's carrier partnerships. Originally reported by BigGo Finance.
ast spacemobile shares rebound
ast spacemobile shares rebounded more than 5% monday after deutsche bank upgraded the stock to buy from hold with a $93 price target.
deutsche bank calls friday's selloff a misread
deutsche bank called friday's 10% selloff a market misread, arguing the spectrum purchase does not make spacex more competitive as a direct-to-device partner.
bryan kraft's analysis
analyst bryan kraft argued spacex's acquisition of 14 mhz of 800 mhz spectrum from grain management does not make spacex more competitive as a direct-to-device partner.
t-mobile partnership shift
t-mobile is increasingly likely to switch from starlink to ast spacemobile through the at&t and verizon joint venture.
spectrum value framework
spectrum value accounts for all but $10 per share of enterprise value, creating an opportune entry point for ast spacemobile.
government funding opportunity
a potential $1 billion japanese government funding opportunity could validate ast spacemobile's technology and provide capital infusion.
t-mobile website changes
t-mobile removed many references to starlink from its website, signaling a shift to ast spacemobile as d2d partner.
stock rebound consequence
ast spacemobile shares rebounded more than 5% monday after deutsche bank's upgrade, reversing friday's 10% selloff.
The takeaway
Deutsche Bank upgraded AST SpaceMobile to Buy from Hold, citing Friday's 10% selloff as a misread due to SpaceX's spectrum acquisition not harming AST SpaceMobile's carrier partnerships.
