JP Morgan Upgrades EchoStar to Overweight from Underweight
Fintel reports that on October 16, 2026, JP Morgan upgraded their outlook for EchoStar (NASDAQGS:ECHO) (BATS-CHIXE:E20D) from Underweight to Overweight.
EchoStar Corporation, based in the United States, is a prominent player in the global satellite communications sector. The company specializes in satellite service operations, providing satellite and video delivery solutions both within the U.S. and internationally. Prior to this rating action, on October 15, 2026, the stock closed at $86.85. This latest close of $86.85 represents a price change of -6.97% over one week, compared to a baseline close of $93.36 on October 8, 2026. Over a one-month period, the stock experienced a price change of -5.70% from a baseline close of $92.10 on September 15, 2026.
In its latest earnings report on August 3, 2026, EchoStar reported an actual EPS of -3.6, compared to an estimate of 1.7386, representing an EPS surprise of -307.06%. The company's actual revenue for the quarter was $3,576,164,000.00, which fell short of the estimated $3,697,943,700.00. EchoStar is scheduled to report its next earnings on November 11, 2026.
Separately from JP Morgan's individual rating, aggregate analyst data shows a current consensus target mean of $123.59 and a median of $126.48 as of October 2, 2026. This mean target represents an implied change of +42.30% from the stock's previous levels. The prior consensus target mean was $121.72 as of September 15, 2026, reflecting a consensus target revision of +1.54%.
In terms of broader analyst recommendations, during the current period of September 1, 2026, there were 4 strong buy, 6 buy, 3 hold, 0 sell, and 0 strong sell recommendations, totaling 13 recommendations. This represents 76.9% positive, 23.1% hold, and 0.0% negative recommendations. In the prior period of August 1, 2026, the total recommendations stood at 11, consisting of 3 strong buy, 5 buy, 3 hold, 0 sell, and 0 strong sell recommendations, which translated to 72.7% positive, 27.3% hold, and 0.0% negative recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 16, 2026 | JP Morgan | Underweight | Overweight | upgrade |
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This story originally appeared on Fintel.