Analyst PT cuts and valuation divergence
Key Questions
What change did Deutsche Bank make to its AST SpaceMobile price target?
Deutsche Bank cut its price target for ASTS to $117 from $139 while maintaining a Buy rating.
What is Barclays' rating and price target for AST SpaceMobile?
Barclays issued an Underweight rating with a $65 price target, citing Amazon-Globalstar's $11.57B deal and execution risks.
How many shares did Rakuten sell in AST SpaceMobile?
Rakuten sold 3.04 million AST SpaceMobile shares on April 14-15 for approximately $271 million.
What happened to Rakuten's stake in AST SpaceMobile after the sale?
Rakuten's stake reduced from 31 million to 28 million shares following the Form 4 filing.
What are the current valuation concerns for AST SpaceMobile?
ASTS trades at 110x forward P/S versus a DCF value of $133, amid short squeeze, high volume, and pre-FCC/BB7 trading dynamics.
DB $117 Buy (cut $139)/Barclays $65 UW on Amazon-Globalstar $11.57B/execution; Rakuten Form4 3.04M shares sold Apr14-15 ~$271M (31M to 28M stake/Mikitani profit-taking); 110x fwd P/S vs DCF $133/short squeeze/vol/Q1; tracks trading edges pre-FCC/BB7 $90.94 vol.