UBS maintains EchoStar at Buy, raises price target to $160 from $150

EchoStar (ECHO) reported Q3 EPS of $7.97, beating estimates by $7.80, but revenue of $1.13B missed expectations of $3.47B. The stock is up 13.22% in 3 months and 38.73% in 12 months, closing at $101.94. InvestingPro rates its financial health as 'fair performance'.

SpaceX has held preliminary talks with EchoStar about acquiring Boost Mobile or accessing its network, aiming to build a hybrid satellite-terrestrial mobile service. Boost has 7.4 million subscribers but operates as an MVNO relying on AT&T and T-Mobile. Analysts note carrier approval is needed. EchoStar previously transferred spectrum licenses to SpaceX for $8.5B in cash and stock. No formal comments from either company. EchoStar shares rose 3%, AST SpaceMobile fell 11%.

SpaceX is in talks with EchoStar to acquire Boost Mobile or access its network, aiming to challenge AT&T, Verizon, and T-Mobile with Starlink Mobile. EchoStar has 7.38M wireless customers. Marvell will acquire Lumentum for $115B in an all-stock deal, valuing optical connectivity for AI data centers. Northwood Space raised $375M to expand its satellite ground network.

AST SpaceMobile (ASTS) shares fell 11% on reports SpaceX is in talks with EchoStar (ECHO) about acquiring Boost Mobile, potentially competing with ASTS's satellite network. SpaceX aims to become a standalone wireless carrier, while ASTS partners with existing carriers like AT&T (T) and Verizon (VZ). ECHO stock rose 2% on the news.

SpaceX shares rose 4% on reports of talks to acquire or use Boost Mobile's network from EchoStar, gaining potential subscribers for Starlink Mobile. Boost has 7.4 million subscribers, leasing its network from AT&T and T-Mobile, which have reportedly declined network access to SpaceX. SpaceX expects its own mobile service in early 2028, with analysts projecting significant revenue growth.

Marvell Technology agreed to buy Lumentum Holdings for $115B in an all-stock deal. Lumentum shares fell 4% despite a 128% pre-deal rise. EchoStar's stock rose on reports of SpaceX talks for a wireless service using Boost Mobile's network. Apple is expected to report 11% revenue growth for Q4, with shares up 25% since June.