AST SpaceMobile misses earnings for sixth straight quarter, Piper Sandler cuts target
AST SpaceMobile missed earnings for a sixth straight quarter as cash burn rose, and Piper Sandler lowered its rating and price target to $54.
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what happened
AST SpaceMobile (ASTS) missed earnings expectations for a sixth consecutive quarter, according to TradingView, and reported higher cash burn linked to BlueBird satellite production and launch costs, which raised investor concerns.
Piper Sandler downgraded the stock to Neutral and cut its price target to $54 from $98. The bank cited lower confidence in the pace of satellite deployment and possible launch constraints tied to SpaceX.
why it matters
A run of earnings misses and rising satellite spending makes the stock more sensitive to launch schedules and funding sources. Investors will focus on how the company plans to cover these costs and meet its deployment targets. Analyst rating and target changes like this one can move small-cap space stocks quickly, even without any broader macroeconomic news behind them.
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sources
- Key facts: ASTS misses 6th; cash burn up; Piper Sandler cuts PT $54 — ru.tradingview.com, 17 October 2026 at 07:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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