Here's Why UBS Upgraded Dish Network To Buy; Sees 42% Upside

March 8, 2022 1:26 PM | 1 min read |

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.