Wedbush initiated coverage of Voyager Technologies (VOYG) with an Outperform rating. Analyst Sam Brandeis set a price target of $46.00 for the stock. Voyager shares surged on July 1 following the announcement.
The firm’s bullish outlook centers on Voyager’s role in layered missile defense systems. The company also targets the commercial transition of low Earth orbit as the International Space Station nears retirement.
Wedbush suggests the market currently misprices Voyager. The analyst notes that investors do not yet fully appreciate the company's distinct opportunities in both defense technology and the commercial space sector.