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Investing.com - JPMorgan initiated coverage on Voyager Technologies Inc (NYSE:VOYG) with an Overweight rating and a price target of $52.00. According to InvestingPro data, the stock currently trades at $42.35, with notable price volatility and a strong balance sheet position, maintaining more cash than debt.
The investment bank’s coverage begins on the space and defense company with a December 2026 price target that represents 7.5 times JPMorgan’s projected 2027 sales of approximately $270 million, excluding Starlab. The company currently generates revenue of $148.47 million with a market capitalization of $2.47 billion.
Voyager Technologies manufactures various space and missile defense products supporting propulsion, guidance, and other military and space applications. The company also holds a 67% stake in the Starlab joint venture, a space station project intended to replace the International Space Station.
JPMorgan’s price target calculation includes $33 per share based on core business valuation, $13 per share for Starlab, and approximately $6 per share for net cash on the balance sheet.
The firm forecasts a 30% compound annual growth rate for Voyager’s topline from 2026 to 2030, reaching approximately $600 million with a 16% adjusted EBITDA margin by 2030, excluding the space station business which could become the company’s most financially significant segment in the next decade. Currently, the company maintains a healthy current ratio of 2.38, indicating strong short-term liquidity.
In other recent news, Voyager Technologies has garnered attention from multiple investment firms due to its promising growth prospects in the defense and space sectors. Jefferies initiated coverage with a Buy rating, highlighting a strong growth outlook with an estimated core revenue compound annual growth rate (CAGR) of 26% through 2030, potentially reaching $602 million. The firm emphasized Voyager’s key growth drivers, including the Next (LON:NXT) Generation Interceptor program and significant innovation spending. Meanwhile, Morgan Stanley (NYSE:MS) assigned Voyager an Equalweight rating, noting the company’s focus on growth markets and its mission-critical solutions, while also mentioning Starlab as a potential game-changer for its long-term earnings. Barclays (LON:BARC) also initiated coverage with an Equalweight rating, recognizing Voyager’s strong positioning in missile defense programs and its large pipeline of defense sector opportunities. KeyBanc, on the other hand, rated Voyager Technologies as Overweight, citing its potential to capitalize on growth opportunities and noting the Starlab project as a significant opportunity. These developments reflect a varied yet optimistic outlook on Voyager’s future from major financial analysts.
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