B. Riley Cuts AST SpaceMobile (ASTS) To Neutral As Stock Sits 56% Below 2026 High, But 2030 Models Point To 215% Upside
AST SpaceMobile (ASTS) has drawn renewed scrutiny after B. Riley downgraded the stock to Neutral from Buy on October 2, slashing its price target to $65 from $85. Analyst Mike Crawford cited delayed launches, rising constellation costs, and growing competition as the primary reasons for the more cautious stance on the satellite connectivity company. Crawford…