JPMorgan resumes EchoStar coverage at Overweight, sets $144 target

On Oct. 16, JPMorgan analyst Sebastiano Petti resumed coverage at Overweight with a $144 target, versus the firm’s prior Underweight rating and $12 December 2025 target. JPMorgan cited an estimated 40% discount to net asset value and the approximately $43 billion spectrum sale to AT&T and SpaceX; ECHO was quoted at $86.85. The report cited potential additional spectrum monetization and share repur