U.S. stock futures edge higher; earnings season continues
Investing.com - KeyBanc initiated coverage on Voyager Technologies Inc (NYSE:VOYG), a $2.47 billion market cap space technology company, with an Overweight rating and a price target of $50.00, representing approximately 18% upside from current levels. The stock has shown significant volatility, gaining 7.9% in the past week despite a 25% decline over the past six months.
The research firm believes Voyager Technologies is well-positioned to capitalize on growth opportunities in the space and defense markets, which are experiencing rapid expansion.
KeyBanc highlighted the company’s long-term growth potential through planned investments, particularly noting its Starlab project as a significant opportunity that is not fully reflected in the current stock valuation.
The firm identified several potential catalysts that could drive the stock higher, including new contract wins in the defense and space sectors, successful execution of Starlab development and production, and strategic mergers and acquisitions.
KeyBanc’s analysis suggests these factors could provide upside to their current financial estimates for Voyager Technologies.
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