AST SpaceMobile stock jumps again as BofA lifts target to $100, Scotiabank calls valuation “irrational”
AST SpaceMobile shares rose 8% to $97.60 Friday after Bank of America raised its price target to $100, a day after a Scotiabank downgrade triggered a sharp drop. BofA kept a Neutral rating, while Scotiabank cut the stock to Sell/Underperform, citing slow adoption and high valuation.