Raymond James sees big gains ahead for satellite services company EchoStar .
He set a base case price target of $28, which implies more than 44% upside from Friday's close.
S-band refers to a frequency level critical to radars and satellite communication, used by shipping, aviation and space industries.
EchoStar has S-band holdings worldwide that could generate significant revenue starting 2027, according to Prentiss.
The analyst also set a bull case price target of $46, suggesting shares could rally up to 137% in an optimistic S-band expansion scenario.
Persons:
Raymond James, Ric Prentiss, Prentiss, —, Michael Bloom
Organizations:
U.S .
Locations:
Prentiss