AST SpaceMobile is trading at $42.30, down 10.11%, after Piper Sandler cut its rating to Neutral from Overweight and lowered its price target to $54 from $98, citing reduced confidence in the 2026–27 satellite launch pace and stronger SpaceX competition.

  • The broader market is sharply lower after hotter-than-expected September CPI, with rising Treasury yields pressuring growth and technology stocks.
  • Price context shows declines on October 13 and October 14, extending the selloff.