After analyzing DISH's options for its spectrum "war chest," Wells Fargo analyst Marci Ryvicker says the stock has potential upside of 60%-75%. DISH CEO Charlie Ergen can either enter the wireless market via a partner, enter the wireless market via an acquisition, pursue a wholesale lease and/or sell all or part of the business, Ryvicker tells investors this morning in a research note. Under option one, shares of DISH are worth around $119, under option two they are worth $120, under option three they are worth $114, and under option four they are worth $124, the analyst estimates. DISH shares closed Friday at $70.79. Ryvicker thinks most shorter term investors have "thrown in the towel" while Ergen contemplates his options. The analyst sees significant upside potential regardless of the path Ergen takes and keeps an Outperform rating on DISH with a $114-$124 price target range.