Dish Network Stock More Than Doubles In A Year: Still A Buy?

SectorFinancial Markets

KIEV, UKRAINE - 2021/03/06: In this photo illustration the stock market information of Dish Network ... [+] Corporation displayed on a smartphone with the logo in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images We believe Dish Network stock (NASDAQ: DISH) has the potential to provide another 10% returns to its investors. DISH trades at $37 currently and is, in fact, down 6% since the beginning of 2020 when it was at $35.

It traded at $41 in February 2020 – just before the coronavirus pandemic hit the world – and is currently almost 10% below that level, as well. Though it is below its pre-Covid levels, DISH stock has more than doubled from its March 2020 lows of $18. This compares favorably to the overall market (S&P 500) which went up 82% during this period. DISH managed to outperform the broader market as it posted better than expected results in Q2, Q3, and Q4 2020, benefiting from Boost Mobile and Ting Mobile acquisitions. The gradual opening up of the economy is expected to lead to recovery in consumer spending in the coming quarters. This will more...