丰业银行对AST SpaceMobile(ASTS.US)给出“卖出”评级：目标价看跌近50%，称其难敌星链

Group 1 - AST SpaceMobile faces significant challenges in competition with Starlink, having no retail customers and experiencing stock price increases deemed unreasonable by analysts [1] - The stock is rated "sell" with a target price of $45.60, indicating a potential decline of 46.8% from the recent closing price [1] - Analysts warn that actual free cash flow may not materialize until 2028 or 2029, while Starlink is projected to have around 680 million users by the time AST SpaceMobile launches in selected markets [1] Group 2 - Starlink has successfully launched 3,169 satellites in 2025 alone, while AST SpaceMobile has faced challenges in launching seven satellites since 2017 [1] - Even a 48-hour delay for AST SpaceMobile could further hinder its progress against Starlink, which can complete launches every one to two days [2] - The integration of Starlink with SpaceX allows it to operate independently of third-party launch services, giving it a competitive edge [2] Group 3 - Following a 34% increase in stock price over three days, Canadian Imperial Bank of Commerce downgraded AST SpaceMobile's rating from "in line with industry" to "underperform," resulting in a 12.06% drop in stock price [3]