EchoStar (SATS) shares are up nearly 50% on Monday following news that President Donald Trump wants the satellite communications firm to strike a deal with the Federal Communications Commission (FCC). 

According to recent reports, Trump has urged the agency’s commissioner, Brendan Carr, to end the ongoing feud with SATS over its wireless spectrum licenses.   

Despite today’s rally, EchoStar stock remains some 20% below its year-to-date high set in February. 

Why Is EchoStar Stock Rallying on Trump’s Intervention?

Trump’s intervention is meaningful for EchoStar shares as the president dubbed the company’s assets “vital American spectrum assets” in a statement today. 

According to the Nasdaq-listed firm, the FCC’s recent actions could push it into bankruptcy – which the Trump administration is rather eager to avoid since it sees SATS as crucial for the nation’s 5G ambitions. 

EchoStar’s insolvency could even pose a threat to national security and the country’s commercial competitiveness in next-generation wireless networks, the White House argued on Monday. 

Deutsche Bank Sees Upside in SATS Shares to $42

Earlier in June, Deutsche Bank lowered its price target on EchoStar stock to $42, but maintained its “Buy” rating, indicating continued confidence in what the future holds for the telecom company.

The investment firm remains convinced that SATS has conducted rigorous 5G network testing and, therefore, is unlikely to be in breach of license requirement as FCC alleges. 

Note that Deutsche Bank’s price target on the satellite communications company translates to potential for another 70% upside from current levels.  

SATS shares may be worth owning also because the company based out of Englewood, Colorado added more than 150,000 subscribers in its latest reported quarter and improved churn as well by 7.2% on a year-over-year basis. 

EchoStar Remains a Wall Street Favorite in 2025

Other Wall Street firms continue to believe in the long-term potential of EchoStar as well especially in the 5G buildout – once the regulatory overhang is removed. 

The consensus rating on SATS stock currently sits at “Moderate Buy” with the mean target of $37 indicating potential upside of more than 50% from here.