X discussionAST SpaceMobile fell about 9% after Piper Sandler cut the stock to Neutral with a $54 target, one day after Deutsche Bank upgraded it to Buy at $93 and Clear Street reiterated Buy at $115. Traders are pricing a direct clash over SpaceX competition, launch cadence, and whether Ligado spectrum already covers most of the enterprise value.
BullAST SpaceMobile is cheap relative to its spectrum and still leads SpaceX in direct-to-cell timing. Deutsche Bank values the Ligado lease at about $19B against a $23B enterprise value, and Clear Street keeps a $115 Buy while calling AST roughly six months ahead of SpaceX.
BearAST SpaceMobile depends on a rival for launch capacity while SpaceX buys its own spectrum. Piper Sandler cut to Neutral at $54 on weaker conviction in 2026–2027 BlueBird launches after SpaceX’s roughly $8B 800 MHz deal.
Posts
Bull evidence
@StockSavvyShayDeutsche Bank upgrades ASTS to Buy at $93 and values Ligado spectrum at ~$19B vs ~$23B EV
@spacanpanmanClear Street reiterates Buy and $115 PT, arguing AST remains ~6 months ahead of SpaceX on D2D
@WOLF_FinancialDeutsche Bank calls Friday’s 10% selloff misguided and implies ~$4B for the non-spectrum business
Bear evidence
@SpacBobbyPiper Sandler cuts ASTS to Neutral and lowers PT to $54 from $98
@AIStockSavvyPiper flags lower conviction in 2026–2027 launch pace and SpaceX direct-to-cell pressure
@RealNickMugalliCompetitor owns the rockets AST needs and just bought spectrum — a hostage situation, not a moat