Brokerages initiate coverage on space tech firm Voyager as quiet period winds down

Voyager Technologies

07/07/2025 13:39

** At least five brokerages start coverage on Voyager Technologies VOYG.N as the mandatory quiet period ends, with broadly bullish views
** Shares of the space tech firm marginally down premarket

** Voyager raised $382.8 million by selling nearly 12.4 million shares in an upsized IPO last month

** It secured a valuation of $3.8 billion after shares more than doubled in their NYSE debut, opening at $69.75 apiece, above the $31 offer price

** "Large defense pipeline positions for 20%+ multi-year growth", Barclays says, adding that there is a strong probability for Starlab win

** "While it could take one to two years to ramp to a full rate of production, we believe VOYG’s underlying propulsion technology could be sought after by other defense players, including legacy defense primes over time", analysts at KeyBanc said

** Morgan Stanley and J.P. Morgan were the lead underwriters on the listing

** Below are some of the ratings and price targets on VOYG

Brokerage
Rating
Price Target
Jefferies
Buy
$50
J.P.Morgan
Overweight
$52
Barclays
Equal weight
$45
KeyBanc
Overweight
$50
BofA Global Research
Buy
$50

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com;))