The Zhitong Finance App learned that Scotiabank Canada analyst Andres Coelho said that AST SpaceMobile (ASTS.US) is facing difficult challenges in competition with Starlink (Starlink). The company doesn't have a single retail customer yet, and its stock price “soared once again to what we think is unreasonable.” As a result, the stock was given a “sell” rating and set a target price of $45.60, which means there is 46.8% room for decline from Wednesday's closing price.

The Zhitong Finance App learned that Scotiabank Canada analyst Andres Coelho said that AST SpaceMobile (ASTS.US) is facing difficult challenges in competition with Starlink (Starlink). The company doesn't have a single retail customer yet, and its stock price “soared once again to what we think is unreasonable.” As a result, the stock was given a “sell” rating and set a target price of $45.60, which means there is 46.8% room for decline from Wednesday's closing price.