- UBS analyst John Hodulik upgraded DISH Network Corp DISH to Buy from Neutral and put a $44 price target (41.9% upside) on the stock.
- Hodulik noted Dish's "attractive risk/reward" and some long-term potential for its next-generation, cloud-based 5G wireless network, along with its spectrum.
- Hodulik noted that based on recent auctions, Dish's 150 MHz of sub-G GHz, which are essentially mid-band spectrum, is "undervalued" at the current share price and may be worth more than the share price itself.
- "Questions remain regarding DISH's wireless business model, but we believe DISH's network build protects the company's spectrum licenses, whose value serves as a backstop," Hodulik added.
- Price Action: DISH shares traded higher by 7.33% at $31.63 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in