Echostar (SATS) Hits New All-Time High as Analyst Hikes PT, Rating
Angelica Ballesteros
Thu, December 11, 2025 at 10:20 AM EST
2 min read
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We recently published 10 Stocks Boasting the Biggest Gains; 4 Hit Record Highs. EchoStar Corporation (NASDAQ:SATS) is one of the best performers on Wednesday.
EchoStar extended its winning streak to a fifth consecutive day on Wednesday, to hit a new all-time high as investors took path from an investment firm’s rating and price target upgrade for its stock.
At intra-day trading, EchoStar Corporation (NASDAQ:SATS) climbed to its highest price of $105.31 before trimming gains to finish the day just up by 11.16 percent at $103.98 apiece.
In a market note, Morgan Stanley raised its rating for the company to “overweight” from “equal weight” alongside a price target of $110 versus $82 prior. The new figure marks a 4.45 percent upside potential from its latest closing price.
Copyright: lexaarts / 123RF Stock Photo
According to the investment firm, EchoStar Corporation (NASDAQ:SATS) stands to benefit from the increasing competition in US wireless carriers.
“Spectrum is an appreciating asset, and we expect both Verizon (VZ) and T-Mobile (TMUS) to be aggressive in pursuing the remaining paired AWS-3 holdings at EchoStar,” it said.
In other news, EchoStar Corporation (NASDAQ:SATS) announced that its subsidiary, Hughes, was chosen as the managed network services provider for the Commonwealth of Pennsylvania.
After an initial four years, the renewed agreement enables Hughes to offer statewide agencies its HughesON portfolio of end-to-end solutions, including managed broadband, Software-Defined Wide Area Network, and Voice over Internet Protocol.
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