Deutsche Bank Downgrades AST SpaceMobile Stock Amid Blue Origin Rocket Explosion
AST SpaceMobile (ASTS) stock dropped after a catastrophic explosion involving partner Blue Origin's New Glenn rocket during a test at Cape Canaveral. Deutsche Bank analyst Bryan Kraft downgraded the stock to 'Hold' and cut its price target, citing risks to launch access and potential delays in ASTS satellite deployments.
Tickers: $ASTS
Topics: AST SpaceMobile Blue Origin Deutsche Bank rocket explosion stock downgrade