Echostar

Deutsche Bank Upgrades EchoStar Price Target to $102

Deutsche Bank raised the target price for Echostar from $67 to $102

EchoStar Corp's shares surged 14.5% to $58.32 following a $23 billion deal to sell part of its wireless spectrum to AT&T. The transaction, which includes 3.45 GHz and 600 MHz licenses, aims to enhance AT&T's 5G network and is expected to close by mid-2026, pending regulatory approval. Analysts have raised their price targets for EchoStar, with TD Cowen and Deutsche Bank both increasing their targets to $67, while Morgan Stanley raised its target to $59, maintaining a Buy and Equal-Weight rating respectively.

These Analysts Boost Their Forecasts On EchoStar

EchoStar's shares surged 16.4% to $59.21 after announcing a $23 billion spectrum license deal with AT&T, following a 70% increase the previous day. Analysts from TD Cowen and Deutsche Bank raised their price targets significantly, citing increased interest from major players like Elon Musk's Starlink and T-Mobile. Year-to-date, EchoStar's shares have risen about 160%, with a median price target of $43.75 from brokerages, where 2 rate it 'buy' and 5 'hold'.

Deutsche Bank Upgrades EchoStar Price Target to $102

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