Voyager Technologies initiated with an Outperform at Wolfe Research

Wolfe Research analyst Myles Walton initiated coverage of Voyager Technologies (VOYG) with an Outperform rating and $50 price target The opportunity for fast growth defense and space disruptive companies is “real” as legacy technologies are being swapped out for cheaper and better commercially derived technologies and software, according to the analyst, who views Voyager as “an attractive way to invest in that disruption.” The firm expects the company to remain very active in M&A with funds following the recent capital raise, which is not in its model and should “serve as persistent upside,” the analyst added.