Deutsche Bank raised the firm’s price target on EchoStar (SATS) to $131 from $97 and keeps a Buy rating on the shares. The firm sees 28% upside potential in the shares on “clear catalysts” from a potential sale of EchoStar’s AWS-3 paired spectrum. Other catalysts include the company reaching settlements with tower providers, a SpaceX initial public offering, and a resolution of the Dish creditor lawsuit, the analyst tells investors in a research note. Deutsche continues to believe that Verizon and T-Mobile are interested in Echostar’s paired AWS-3 licenses.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SATS:
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- EchoStar Stock (SATS) Jumps despite Antitrust Alarm over $40B AT&T, SpaceX Deals
- Private Markets: Musk’s SpaceX targets 2026 IPO at valuation of $1.5T
- Midday Fly By: SK Hynix weighs U.S. listing, GE Vernova doubles dividend
- Blue Origin, SpaceX race to bring data centers to space, WSJ reports