TSX runs higher on rate cut expectations
Investing.com - JPMorgan has reiterated its Overweight rating on Voyager Technologies Inc (NYSE:VOYG) with a price target of $52.00, representing a 65% upside from the current price of $31.43. According to InvestingPro data, this target sits at the high end of analyst estimates, which range from $41 to $52.
The investment bank maintained its positive outlook following a call with Voyager Technologies CEO Dylan Taylor. The discussion explored various growth opportunities for the company, including missile defense, edge computing, and the Starlab project. InvestingPro analysis indicates the company is expected to grow revenues by 17% in the current fiscal year, though profitability remains a challenge.
JPMorgan’s December 2026 price target of $52 per share is based on multiple valuation components. This includes a 7.5x EV/sales multiple on 2027 revenue excluding Starlab, plus $13 per share for Starlab based on discounted cash flow analysis.
The valuation also factors in $6 per share for net cash on Voyager’s balance sheet, according to the research note.
JPMorgan analyst Seth Seifman stated that following the wide-ranging conversation with the CEO, the firm has "more confidence" in its Overweight rating on the stock.
In other recent news, Voyager Technologies reported its Q2 2025 earnings, showing a revenue of $46 million, which represents a 25% increase compared to the previous year. Despite the revenue growth, the company experienced an adjusted earnings per share (EPS) loss of $0.60. This loss has raised concerns about profitability and operational challenges, despite Voyager’s strong performance in the defense and national security sectors. Additionally, Voyager Technologies has acquired ElectroMagnetic Systems, Inc. (EMSI), a firm specializing in AI and machine learning software for space-based radar systems. This acquisition aims to enhance Voyager’s capabilities in automated target recognition and intelligence analytics. In a strategic move to boost its edge computing capabilities, Voyager also invested in Latent AI, focusing on real-time intelligence processing in challenging environments. Furthermore, Voyager Technologies appointed Paul Tilghman as Chief Technology Officer to lead its technology strategy across various domains. These developments highlight Voyager’s ongoing efforts to strengthen its technological and operational capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.