Voyager Technologies Stock In Focus After Jefferies Initiates Coverage With ‘Buy’

Voyager Technologies (VOYG) stock is set to garner retail attention on Monday after Jefferies initiated coverage for the stock with a ‘Buy’ rating and set a price target of $50.

The price target was higher than the stock’s previous closing price of $42.35 on Thursday.

According to The Fly, the brokerage expects the company to achieve annual sales growth of 26% by 2030, aided by franchise missile programs and integrated hardware and software for space proliferation.

Retail sentiment on Stocktwits about Voyager stock was in ‘bearish’ territory (40/100) until Thursday, while retail chatter was extremely low.

Voyager's defense and space solutions units are positioned to deliver mission-critical capabilities on a scale, Jefferies analysts reportedly said. Voyager had raised $383 million in an upsized offering last month, selling over 12 million shares. The IPO price of $31 had exceeded its initial target range of $26 to $29 per share.

The company has secured a $217.5 million development grant from NASA to design the Starlab space station, which is expected to replace the International Space Station after its scheduled decommissioning in 2030.

Voyager plans to operate the proposed space station through a joint venture with equity partners, including Airbus SE, Mitsubishi Corp, MDA Space Ltd, and Palantir Technologies.

There is hope that President Donald Trump’s Golden Dome defense shield project could further boost the company’s fortunes. The U.S. President has suggested that the sophisticated missile defense system could cost $175 billion.

Voyager’s stock has slipped 25% this year since its listing.

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