Scotiabank downgrade hits AST SpaceMobile as targets split wide
NEW YORK, Jan 7, 2026, 14:43 EST — Regular session
- AST SpaceMobile shares fall about 11% in afternoon trade after a Scotiabank downgrade.
- The bank’s $45.60 target sits at the low end of a Street range that runs up to $95.
- Focus shifts to launch pace, early customer uptake and the cash burn timeline.
AST SpaceMobile shares slid about 11% on Wednesday after Scotiabank downgraded the satellite-to-smartphone company. The stock was down $10.77 at $86.72 in afternoon trade, after touching $95.25 earlier and a low of $85.37.
The drop matters now because ASTS is priced like a timetable. Investors have been leaning on the idea that direct-to-device broadband — 4G and 5G links beamed from orbit to standard phones…
