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Barchart
Barchart
Wajeeh Khan

Piper Sandler Just Downgraded ASTS Stock. SpaceX May Be to Blame.

ASTS Piper Sandler SpaceX AST SpaceMobile Alexander Potter Barchart

AST SpaceMobile (ASTS) shares have been in a massive downtrend since late May, but Alexander Potter, a senior Piper Sandler analyst, recommends against betting on a swift recovery. In a research note this morning, Potter downgraded ASTS to “Neutral” and trimmed his price target on the satellite company to $54, indicating under 5% upside from its previous close.

Following today’s decline, AST SpaceMobile stock is trading at nearly half its price at the start of 2026.

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