Deutsche Bank upgraded AST SpaceMobile (#ASTS) to Buy and assigned a $93 price target, describing the recent 10% share-price decline as misguided. The bank sees potential value in AST’s spectrum rights and opportunities to expand its satellite communications business. 🔹 Key Highlights - 📈 Rating Upgrade: Deutsche Bank upgraded ASTS to Buy. - 🎯 Price Target: The bank set a $93 price target. - 📉 Recent Selloff: Deutsche Bank reportedly called Friday’s 10% decline misguided. - 📡 Spectrum Value: The bank values AST’s Ligado spectrum rights at approximately $19 billion. - 💰 Enterprise Value: Against an estimated $23 billion enterprise value, that valuation implies roughly $4 billion for the rest of the business. - 🌏 Potential Catalysts: Possible up to $1 billion in Japanese funding, government-business expansion and growing interest from mobile carriers. 💡 Why It Matters The upgrade highlights potential value in AST SpaceMobile’s spectrum assets and its opportunity to expand direct-to-device satellite connectivity. However, the $93 target is Deutsche Bank’s estimate, not a guaranteed outcome, and funding, partnerships and commercial execution remain important factors. 🚀 Start Your 7-Day FREE ThinkSabio Trial https://www.thinksabio.com/ ThinkSabio — Stocks Simplified