Why EchoStar Stock Popped Again Today

On Tuesday, (NASDAQ: SATS) was still basking in the glow of the $19 billion spectrum license deal it signed with Elon Musk's extraterrestrial exploration company SpaceX. Investors continued to be drawn to EchoStar's star power after announcing the purchase Monday. What also helped were several positive analyst upgrades on the company's stock.

By the end of the day, EchoStar had risen again, closing the day almost 4% higher. That compared most favorably to the 0.3% increase of the bellwether S 500 index.

One of the more bullish adjustments from a researcher was delivered Tuesday by Deutsche Bank. The lender's analysts cranked their EchoStar price target a robust 52% higher to $102 per share from $67.

Source Fool.com