EchoStar Corporation, trading under the symbol NASDAQ:SATS, is a prominent satellite TV provider. The company recently made headlines with a significant transaction involving the sale of its spectrum to AT&T. This move has drawn attention from various financial analysts, leading to several upgrades and revised price targets for the stock.
On August 27, 2025, Cowen & Co. upgraded EchoStar's stock to a "Buy" rating, with the stock priced at $57.69. This upgrade coincides with TD Cowen's decision to raise the price target for EchoStar from $28 to $67. The stock has seen a remarkable surge, gaining 70.25% or $20.99, following the announcement of the spectrum sale to AT&T. Morgan Stanley has also adjusted its outlook on EchoStar, increasing its price target from $25 to $59 while maintaining an Equal Weight rating. This revision considers the estimated after-tax proceeds from the spectrum sale and the remaining spectrum's book value. Morgan Stanley's analysis includes a $105 bull case, assuming private market values for the remaining spectrum, and a $33 bear case with no further sales.
Deutsche Bank analyst Bryan Kraft has echoed this optimism, raising EchoStar's price target from $43 to $67 and maintaining a Buy rating. The sale of 50 megahertz of spectrum to AT&T for approximately $23 billion is a strategic move for EchoStar, addressing regulatory pressures and enhancing its market position. This transaction also establishes a hybrid mobile operator relationship between
EchoStar and AT&T. Currently, SATS is trading at $57.82, reflecting a 13.65% increase or $6.95 rise. The stock has fluctuated between $53.90 and $58.25 today, with the latter being its highest price in the past year. EchoStar's market capitalization stands at approximately $16.63 billion, with a trading volume of 10.81 million shares.
