EchoStar Shares Drop 1.2% to $120.53 After FT Reports SpaceX IPO Plans

Written by Emily J. Thompson, Senior Investment Analyst

SATS+5.09%

Updated: 5d ago

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EchoStar drops 1.2% to $120.53 after FT says SpaceX lines up banks for IPO

SATS

$125.81+Infinity%1D

Analyst Views on SATS

Wall Street analysts forecast SATS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SATS is 127.00 USD with a low forecast of 110.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Analyst Rating

3 Buy

2 Hold

0 Sell

Moderate Buy

Current: 119.720

Low

110.00

Averages

127.00

High

158.00

Current: 119.720

Low

110.00

Averages

127.00

High

158.00

TD Cowen

Gregory Williams

Buy

maintain

$100 -> $158

2026-01-07

Reason

TD Cowen

Gregory Williams

Price Target

$100 -> $158

AI Analysis

2026-01-07

maintain

Buy

Reason

TD Cowen analyst Gregory Williams raised the firm's price target on EchoStar to $158 from $100 and keeps a Buy rating on the shares. The company should report upside results in Q4, though its "fundamentals will likely take a backseat for yet another quarter," the analyst tells investors in a research note. TD cites an updated sum-of-the-parts analysis for EchoStar's assets since the company began its spectrum sale process, particularly its stake in SpaceX, for the target boost.

UBS

Neutral

maintain

$128 -> $125

2025-12-23

Reason

UBS

Price Target

$128 -> $125

2025-12-23

maintain

Neutral

Reason

UBS lowered the firm's price target on EchoStar to $125 from $128 and keeps a Neutral rating on the shares. Following the sale of 75%-80% of its spectrum portfolio for roughly $43B, EchoStar has pivoted from a wireless operator to an investment company, prompting a valuation shift that assigns $11B to remaining spectrum based on precedents, the analyst tells investors in a research note. Its 3% SpaceX stake, now implied at about $22B or roughly $65 per share using an $800B valuation, represents significant upside versus prior marks, the firm says.

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Citi

Michael Rollins

Neutral

maintain

$87 -> $111

2025-12-22

Reason

Citi

Michael Rollins

Price Target

$87 -> $111

2025-12-22

maintain

Neutral

Reason

Citi analyst Michael Rollins raised the firm's price target on EchoStar to $111 from $87 and keeps a Neutral rating on the shares. The firm is citing the recent press reports that placed an upcoming secondary share sale at a potential private valuation for SpaceX at $800B, the analyst tells investors in a research note. This valuation for SpaceX would be twice the pre-tax value of the cost basis for its SpaceX shares anticipated to be received by EchoStar upon closing its pending spectrum sales, the firm added.

Deutsche Bank

NULL -> Buy

maintain

$97 -> $131

2025-12-19

Reason

Deutsche Bank

Price Target

$97 -> $131

2025-12-19

maintain

NULL -> Buy

Reason

Deutsche Bank raised the firm's price target on EchoStar to $131 from $97 and keeps a Buy rating on the shares. The firm sees 28% upside potential in the shares on "clear catalysts" from a potential sale of EchoStar's AWS-3 paired spectrum. Other catalysts include the company reaching settlements with tower providers, a SpaceX initial public offering, and a resolution of the Dish creditor lawsuit, the analyst tells investors in a research note. Deutsche continues to believe that Verizon and T-Mobile are interested in Echostar's paired AWS-3 licenses.

About SATS

EchoStar Corporation is a holding company. The Company is a provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar, Boost Mobile, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. Its business segments include Pay-TV, Wireless and Broadband and Satellite Services. Its Pay-TV segment provides video services in the United States through its DISH and the SLING brands. Its Wireless segment provides wireless communication services and products. This segment offers wireless services for 5G VoNR and 5G broadband service to Americans, as well as a competitive portfolio of wireless devices. It offers nationwide wireless services to subscribers primarily under the Boost Mobile and Gen Mobile brands. Its Broadband and Satellite Services segment offers broadband satellite technologies and broadband Internet products and services to consumer customers.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.