U.S. stocks edge higher; solid earnings season continues
Investing.com - Jefferies has initiated coverage on Voyager Technologies Inc (NYSE:VOYG), currently trading at $42.35 with a market capitalization of $2.47 billion, with a Buy rating and a price target of $50.00, citing strong growth prospects across its defense and space segments. According to InvestingPro data, the stock has shown significant volatility, gaining 7.9% in the past week despite broader market challenges.
The research firm highlights VOYG’s Defense & National Security division, which represents approximately 65% of expected 2025 sales, projecting a 35% compound annual growth rate (CAGR) through 2030. The Space Solutions segment, accounting for the remaining 35% of sales, is forecast to grow at a 12% CAGR during the same period.
Jefferies estimates Voyager’s overall core revenue CAGR at 26% through 2030, potentially reaching $602 million, a significant leap from current revenue of $148.47 million. The company’s position in missile and launch propulsion, guidance, navigation, and intelligence, surveillance, and reconnaissance (ISR) systems for government and commercial constellations supports this growth trajectory. With a gross profit margin of 23.11%, the company demonstrates potential for operational leverage as it scales.
Key growth drivers include the Next (LON:NXT) Generation Interceptor (NGI) program, which Jefferies expects to scale from $25 million in 2024 revenue to $80 million annually after 2027 full-rate production. This represents a $1 billion pipeline opportunity through 2043 compared to current backlog of $53 million.
Jefferies also notes Voyager’s significant innovation spending at 18% of revenue, which funds future missile franchises and software development, along with the company’s integrated hardware and AI-enabled software positioning for space proliferation and commercialization.
In other recent news, Voyager Technologies Inc has been the subject of multiple analyst reports, highlighting its position in the space and defense markets. KeyBanc initiated coverage with an Overweight rating and a price target of $50.00, suggesting an 18% upside potential. The firm emphasized Voyager’s growth opportunities, particularly through its Starlab project, which is seen as a significant opportunity not yet fully valued. Meanwhile, both Morgan Stanley (NYSE:MS) and Barclays (LON:BARC) initiated coverage with Equalweight ratings, with price targets of $46.00 and $45.00, respectively. Morgan Stanley noted Voyager’s focus on national security and space markets, while Barclays pointed to the company’s strong position in missile and missile defense programs. Despite these growth prospects, Morgan Stanley and Barclays believe the current stock price already reflects much of the potential upside. These developments underscore Voyager Technologies’ strategic positioning in rapidly expanding markets.
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