Deutsche Bank upgrades AST SpaceMobile to Buy at $93 after the 10% selloff
As seen on the 24/7 Wall St. homepage on October 12, 2026.
A $93 target on a name that just dropped 10% means Deutsche Bank is treating the SpaceX spectrum scare as a buying window.
RT @WOLF_Financial: Deutsche Bank upgraded $ASTS to Buy with a $93 target, calling Friday’s 10% selloff “misguided.” It values AST’s Ligad…
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Deutsche Bank put a $93 price target on AST SpaceMobile and moved the stock to Buy, dismissing Friday's decline as misguided. The bank's analysts read the selloff as an overreaction to a specific scare rather than a re-rating of the business.
The commentary points to spectrum concerns tied to SpaceX as the trigger for Friday's drop. Deutsche Bank's position is that whatever spooked the market does not change the underlying value of AST's Ligad asset, which the bank used as a pillar of its valuation case.
A $93 target after the dip frames the current price as a discount window. For investors who sat out the selloff, Deutsche Bank is effectively arguing the entry point just improved without the thesis changing.
The stock's next move hinges on whether the broader market treats the spectrum narrative as resolved or still live. Deutsche Bank's upgrade adds a high-profile institutional voice to the bull side, which is meaningful when sentiment is the primary force driving the price.
Mentioned: ASTS