AST SpaceMobile Slumps 18% on Hold Rating After New Glenn Explosion
ASTS•AST SpaceMobile shares plunged 18% after Deutsche Bank downgraded to Hold and cut its price target by $4, citing the New Glenn rocket explosion’s risk of a six-month deployment delay. Roth Capital warns the schedule may slip to Q1 2027 but maintains a Buy rating with a $108 target.
1. Deutsche Bank Downgrades to Hold
Deutsche Bank moved AST SpaceMobile from Buy to Hold and cut its price target from $110 to $106. The firm highlighted that the New Glenn rocket explosion could damage launch infrastructure and force an extended restoration period.
2. Explosion Risks Delay Satellite Deployment
Thursday’s New Glenn failure is expected to inflict substantial launchpad damage and require roughly six months for repairs. Without access to Blue Origin launches, AST SpaceMobile’s goal of placing 45 satellites by end-2026 faces material setbacks.
3. Roth Capital Maintains Buy, Extends Timeline
Roth Capital kept its Buy rating and $108 price target despite forecasting the commercial constellation rollout sliding from Q4 2026 into Q1 2027. The delay could also affect the company’s revenue recognition and market entry timing.
