Dish Network Stock Set For A 25% Gain?

Dish Network Stock Set For A 25% Gain?

GLóRIA DE DOURADOS, BRAZIL - 2020/06/02: In this photo illustration the DISH Network Corporation ... [+] logo seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)



SOPA Images/LightRocket via Getty Images

We believe Dish Network stock (NASDAQ: DISH) may be a good opportunity right now. DISH trades at $33 currently and is, in fact, down 7% 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 20% below that level, as well. DISH stock has recovered an impressive 82% from its March 2020 lows of a little over $18. DISH managed to outperform the broader market as it posted better than expected results in Q2 as well as Q3 2020, along with its 5G and postpaid mobile plans being on track. The gradual opening up of the economy is expected to lead to recovery in consumer spending in the coming quarters. This will drive the commercial/industrial customers to come back to its fold as the current crisis gradually abates. Additionally, as the company continues on its track of 5G