Upside Expected for This Space Satellite Stock

The demand for satellites has increased in recent decades. Analysts now predict that almost 1,000 new satellites will launch each year until 2028. By that time, there could be more than 15,000 in orbit. This is great news for companies engaged in the satellite service market. As an investor, there's even an opportunity for you. EchoStar Corp. (NASDAQ: SATS) is a provider of direct-to-home satellite services. It owns and operates satellites and leases its capacity to broadcasters. Besides television solutions, the company also offers broadband and satellite communications. With high demand for satellite services, EchoStar is ready to grow. The stock hit a 52-week low this month. But the upside is expected to be big. The return could be huge after this bear market. The average target price of $42.00 is more than double the stock price today. Some analysts are particularly optimistic. The high-end target of $59.00 suggests that the stock could almost triple in value. As a buy and hold option this is a great bargain pick. Imagine tripling the return on an investment. There are more opportunities to generate wealth with these investment strategies. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above.  sponsored ads below Jim Rickards: Make no mistake, C-Day will change your financial life forever… What is “C-Day”? It’s the day America goes cashless… And it could come as soon as Dec. 13, 2022. America’s top financial forecaster, Jim Rickards, has uncovered all the evidence of a new central bank digital currency… He got his hands on the executive orders issued by Joe Biden… the secretive plans of the Federal Reserve and other central bankers… and even the name of the company working on the new digital dollar. 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