AST SpaceMobile stock snaps back after Scotiabank downgrade whipsaws Wall Street

ScotiaBank confuses market over AST SpaceMobile

Over the past year analysts at investment bank ScotiaBank have been enthusiastic supporters of AST SpaceMobile’s prospects. But on January 6 the bank conducted an about-turn, and – in effect – advised clients to ‘Sell’ their shares in AST. As well as pouring ice-water on AST, the bank’s specific wording was “sector underperform” and the […]

AST SpaceMobile stock snaps back after Scotiabank downgrade whipsaws Wall Street

New York, Jan 8, 2026, 20:43 EST — Market closed for the day. Shares of AST SpaceMobile (ASTS) staged a rebound Thursday, finishing 5.6% higher at $90.56. The stock clawed back after a steep drop in the previous session, triggered by an analyst downgrade. MarketWatch The move matters because ASTS has morphed into a high-beta bet centered on a crucial question: how fast can it convert satellite launches into a steady stream of paying users with e…