AST SpaceMobile Price Target Cut to $60 as Shares Slip Nearly 2% Ahead of SpaceX $1.77T IPO
ASTS•ASTS shares fell nearly 2% to a three-week low in a fourth straight decline as SpaceX prepares an IPO at $135 per share, valuing it at $1.77 trillion. Barclays cut AST SpaceMobile's price target to $60 (35% downside), while Roth Capital says ASTS holds a two-year direct-to-device lead over Starlink.
1. Prolonged Share Decline
Shares of AST SpaceMobile fell for a fourth consecutive session, dropping nearly 2% to their lowest levels in three weeks as investors weigh capital rotation toward SpaceX's upcoming IPO priced at $135 per share, which implies a $1.77 trillion valuation.
2. Divergent Analyst Outlooks
Barclays lowered its price target on AST SpaceMobile to $60 from $65, maintaining an Underweight rating and citing launch delays and an unattractive risk-reward profile. In contrast, Roth Capital maintains that ASTS has a superior direct-to-device technology and a roughly two-year lead over Starlink backed by strong operator partnerships.
3. Executive Stock Sale
CTO Huiwen Yao sold 40,000 shares valued at approximately $3.85 million, a move that draws attention to insider sentiment as the company navigates increased competition and near-term market pressures.
