The price of SATS is predicted to go up -2.35%, based on the high correlation periods with NVRI. The similarity of these two price pattern on the periods is 99.1%.
SATS
NVRI
Additional wireless spectrum will be needed to meet exploding demand for wireless data services. As carriers struggle to add capacity efficiently, the value of EchoStar's largely fallow spectrum will increase.
EchoStar is deploying the latest wireless technologies, offering cutting-edge services without needing to maintain older networks. Combined with its satellite communications expertise, the firm will be able to offer unique services to businesses and consumers.
The satellite television business is in decline, but it is a cash cow that will likely be around for years to come.
UBS
Price Target
$15 → $28
Upside
+21.58%
TD Cowen
Price Target
$37 → $30
Upside
+39.41%