TradingKey – AST SpaceMobile (ASTS) shares have fallen sharply recently on news of SpaceX acquiring low-band spectrum resources, but Deutsche Bank believes the market has overreacted to changes in the competitive landscape, and the current pullback actually offers investors a more attractive entry window.

Deutsche Bank upgraded its investment rating on AST SpaceMobile from “Hold” to “Buy” and maintained its $93 price target. However, as of October 15, ASTS was still down over 40% year-to-date, down about 67% from its all-time high of $133.86 set in May 2026.

The core reason for this sharp volatility is market concern that SpaceX accelerating the rollout of Starlink Mobile will pose greater competition to AST SpaceMobile’s direct-to-cell…