StocksMediumUpdated•Originally published 2 October 2026•Updated 2 October 2026•
1 min read
AST SpaceMobile Under Pressure Following RBC and B. Riley Downgrades
Key Facts
1RBC Capital downgraded AST SpaceMobile stock to 'Sector Perform' while it was trading at $57.04.
2AST SpaceMobile shares fell 3.09% in the latest session, underperforming both the technology sector and the S&P 500.
3Analysts project a loss of $0.39 per share for the upcoming earnings report, despite expected revenue growth of 206.57%.
Analyst Mike Crawford of B. Riley Financial downgraded AST SpaceMobile to 'Neutral' and set a price target of $65. This follows a similar move by RBC Capital, which downgraded the stock to 'Sector Perform', reflecting a shift in analyst sentiment regarding the satellite communications company's outlook.
ASTS closed at $57.04 on October 1, 2026, after a 3.09% decline during a session where it traded between $56.92 and $60.09. According to Financial Modeling Prep, analysts are projecting a loss of $0.39 per share for the upcoming earnings report, despite expectations for revenue to grow by 206.57% to reach $45.19 million.