ASTS stock price forecast: Scotiabank downgrade hits AST SpaceMobile as targets split wide
AST SpaceMobile shares fell about 11% Wednesday after Scotiabank downgraded the stock and set a $45.60 target, citing concerns over valuation and cash burn. Shares traded at $86.72 in the afternoon, down from a high of $95.25. AT&T plans a limited beta launch of AST’s direct-to-device satellite service in the first half of 2026. Investors await deployment milestones and the next earnings update, expected March 26.