Kristine Liwag, an analyst from Morgan Stanley, has initiated a new Hold rating on Voyager Technologies, Inc. Class A (VOYG).
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Kristine Liwag’s rating is based on a combination of factors that highlight both the opportunities and risks associated with Voyager Technologies, Inc. Class A. The company is positioned in promising growth markets, particularly in defense and space, which are expected to drive future expansion. However, the success of their Starlab project, a potential replacement for NASA’s International Space Station, is crucial for long-term earnings and comes with significant technical and programmatic risks.
Given that Voyager’s stock has risen approximately 37% since its IPO, Liwag sees a balanced risk-reward scenario at the current price levels. The price target of $46 is derived from a sum-of-the-parts analysis, reflecting a multiple on projected 2027 sales. While the core business is valued slightly higher than its peers, the Starlab project adds optionality but also uncertainty, justifying the Hold rating.
In another report released today, Barclays also maintained a Hold rating on the stock with a $45.00 price target.