Voyager Technologies stock initiated with Buy rating at BofA on defense tech exposure

Investing.com - BofA Securities has initiated coverage on Voyager Technologies Inc (NYSE:VOYG) with a Buy rating and a price target of $50.00 on Monday. The stock, currently trading at $42.35, has shown significant momentum with a 7.9% gain over the past week, according to InvestingPro data.

The research firm cited Voyager’s offerings across guidance, navigation and control systems as key factors in its positive outlook for the defense technology company. While the company maintains strong liquidity with a current ratio of 2.38 and holds more cash than debt, InvestingPro analysis indicates the stock is currently trading above its Fair Value.

BofA’s price target is based on a 14x EV/sales multiple on 2026 estimated results, which the firm notes is slightly higher than defense tech peers.

The valuation "fairly reflects the company’s exposure to critical and well supported national security and space programs," according to BofA Securities.

The firm also highlighted potential upside opportunities for Voyager Technologies through its Starlab program and future mergers and acquisitions activity.

In other recent news, Voyager Technologies has garnered attention from multiple investment firms initiating coverage on the company. JPMorgan started its coverage with an Overweight rating and a price target of $52.00, highlighting the company’s projected sales growth and its stake in the Starlab joint venture. Jefferies also initiated coverage with a Buy rating and a price target of $50.00, citing strong growth prospects in both its defense and space segments, forecasting a compound annual growth rate of 26% through 2030. Morgan Stanley (NYSE:MS) gave Voyager Technologies an Equalweight rating with a price target of $46.00, noting the potential impact of the Starlab project on the company’s long-term earnings. Barclays (LON:BARC) also assigned an Equalweight rating and a price target of $45.00, acknowledging the company’s strong positioning in missile defense programs. Lastly, KeyBanc initiated coverage with an Overweight rating and a $50.00 price target, pointing to the company’s growth opportunities and the significant potential of the Starlab project. These recent developments reflect a range of perspectives on Voyager Technologies’ growth potential and strategic positioning in the space and defense markets.

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