Astra Space’s Review Following CFO Meeting
<p>Analysts at Deutsche Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/ASTR'>Astra Space, Inc. (NASDAQ:ASTR)</a> following their meeting with CFO Kelyn Brannon. </p>
<p>The analysts believe the company has clearly made progress on several fronts this year including successfully delivering its first commercial payload and winning its first major electric propulsion award with LeoStella. </p>
<p>Looking ahead, the analysts think the next two important developments will be the company's ability to carry out the NASA TROPICS missions (3 launches) and then transition to the bigger next-gen Rocket 4 vehicle. </p>
<p>The analysts lowered their price target on the company’s shares to $6 from $7 reflecting slightly lower forecasts, while maintaining their buy rating. Tactically, the analysts believe investors are not willing to give credit to the company for recent achievements given the current market backdrop and the true threshold for a re-rate of the stock is now super high, requiring demonstration of not only consistent execution but also market viability for its small launch approach.</p>

NASDAQ:ASTR