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

ReutersJul 7, 2025 12:39 PM
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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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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