Could Dish merge with Amazon?
On June 9, Dish Network’s (DISH) stock was affected by news of a possible merger between Dish and Amazon (AMZN). On June 8, Benzinga reported, citing unknown sources, that Dish and Amazon could merge over the next few months. According to the report, the two companies have entered into an exclusive deal for the integration of Amazon’s Alexa on Dish’s set-top boxes. Last month, there was also buzz that Amazon could be Dish’s first customer when it launches its wireless network.
Recently, there has been increasing speculation regarding Dish Network and whether the company could be up for grabs. Let’s look at how Wall Street analysts are rating the company.
Analysts’ recommendations for Dish Network
Of the 26 analysts covering Dish Network, 12 have rated the stock a “buy,” ten have rated the stock a “hold,” and four have rated the stock a “sell.” Analysts’ target stock price is $74.74, with a median target price estimate of $70.