EchoStar shares rise as Zacks upgrade adds to JPMorgan momentum
On Oct. 21, ECHO rose 7.5% in morning trading after Zacks Research upgraded it to Strong Buy; the report cited momentum from JPMorgan’s Oct. 16 Underweight-to-Overweight move and $144 target. ECHO reached $93.05 from a $90.44 open; Nasdaq was up 0.7%, S&P 500 0.2%. The article reported analyst consensus target of $138.56.
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
Why is EchoStar stock surging today? - Investing.com
Why is EchoStar stock surging today? Investing.com