Deutsche Bank upgrades AST SpaceMobile as it dismisses SpaceX spectrum threat
AST SpaceMobile (NASDAQ: ASTS) rose in premarket trading following a positive upgrade from Deutsche Bank. The firm raised its rating on the stock to Buy, reversing an earlier Neutral stance and a May downgrade due to valuation concerns. Analyst Bryan Kraft highlighted that the recent skepticism around SpaceX's potential impact on AST SpaceMobile’s spectrum usage is unfounded. This reassessment has led investors to reconsider their positions in the communications company.
Tickers: $ASTS