Al Root
Voyager Technologies' stock jumped Monday after catching a new Buy rating.
Shares of the space infrastructure and defense company were up 4.6% at $23.77 in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were both up about 0.4%.
The move came after Citi analyst John Godyn launched coverage on the stock with a Buy rating and $36 price target, up 58% from recent levels.
He sees several reasons to buy shares now, including exposure to the fast-growing missile market, potential participation in President Donald Trump's Golden Dome missile defense shield, and growth of the space-based economy, including its lead position in developing Starlab, among others.
Starlab is the next-generation space station intended to replace the International Space Station after its planned retirement in 2030. Voyager is partnering with Airbus, Mitsubishi, Palantir Technologies, and others on the project.
Voyager can build space station modules and habitats as well as propulsion and communications technologies.
"We see a catalyst-rich 2026 marked by new business award activity driving significant upside in shares," wrote Godyn in a Monday report.
Voyager has been public for less than one year, selling shares in a June IPO at $31 apiece. Shares traded as high as $72.95 before closing at $56.48 in their first day of trading.
Since then, the stock has slid. A wider-than-expected quarterly loss reported in August sent shares down 15%. In early March, Voyager reported fourth-quarter numbers that matched Wall Street's expectations. What's more, the company guided to 2026 revenue of $225 million to $255 million. The $240 million midpoint was above the roughly $230 million analysts were forecasting at the time.
Godyn projects $250 million in 2026 sales, higher than expected, driven by Voyager winning a missile propulsion contract and work on the Golden Dome.
Missile and missile defense have been in focus since fighting broke out in Iran. The U.S. military is trying to dramatically increase missile and interceptor production to replenish stocks and maintain its strike capabilities in the current conflict.
Despite recent declines, shares enjoy strong support on Wall Street. Overall, six out of seven, or 86%, of the analysts covering the stock rate it Buy. The average Buy-rating ratio for stocks in the S&P 500 typically ranges from 55% to 60%. The average analyst price target for Voyager stock is about $42 a share, up 80% from recent levels.
Write to Al Root at allen.root@dowjones.com
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(END) Dow Jones Newswires
March 30, 2026 07:45 ET (11:45 GMT)
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