EchoStar gains bank support
January 8, 2026
TD Cowen, the US investment bank, has raised its opinion on satellite operator EchoStar.
On January 7th, TD Cowen analyst Gregory Williams announced an updated projection for EchoStar (SATS), raising the price target significantly from $100 to $158. The updated target reflects a notable increase of 58 perc ent, while maintaining a Buy rating for the company’s stock. This adjustment underlines a continued optimistic view of EchoStar’s future performance.
While the view remains optimistic, TD Cowan is not alone. On December 23rd 2025 investment bank UBS maintained a ‘Neutral; rating, but raising the price target from $28 to $125, a 346.43 per cent increase.
On December 19th 2025, Deutsche Bank maintained its Buy rating on EchoStar, increasing the price target from $97 to $131, a 35.05 per cent rise.
On December 10th 2025, Morgan Stanley upgraded its rating from Equal-Weight to ‘Overweight’, and raising its price target from $82 to $110, and a 34.15 per cent increase.
On November 11th 2025, Citigroup maintained a ‘Neutral’ rating, increasing the price target from $85 to $87, a slight rise of 2.35 per cent.
Satellite television still provides the bulk of EchoStar’s revenue. The firm serves about 5.17 million US satellite customers, about 10 per cent of the traditional television market although well down on its historical delivery of satellite TV. In 2021 it served more than 7 million DTH subscribers. It also serves 2 million customers under the Sling TV streaming brand, and owns Hughes Network Systems and its HughesNet broadband distribution business.
EchoStar has also amassed an extensive portfolio of spectrum licences and is building a nationwide wireless network. It acquired Sprint’s prepaid business, serving approximately 7 million customers, primarily under the Boost Mobile cellular brand.
The firm has agreed to sell a portion of its wireless licenses to AT&T and SpaceX, and will rely heavily on the AT&T network to serve customers. EchoStar’s legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 800,000 internet customers.
The sell-off of some of its terrestrial spectrum to SpaceX means that EchoStar is now a major shareholder in SpaceX’s overall businesses.
EchoStar’s share price over the past few days has been about $111-$117 per share.
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