Voyager Technologies (VOYG) Positioned to Benefit from Growth in Defense and Space Markets, Says Keybanc

Voyager Technologies, Inc. (NYSE:VOYG) is among the 8 Best Small-Cap Defense Stocks to Buy Right Now. However, on November 6, Keybanc slashed its price target for the stock to $45 from $50, citing ‘conservatism surrounding a prolonged government shutdown.’

However, the firm maintained its Overweight rating on the stock and noted that the company was on track to gain from rapid growth in the defense and space markets through potential contract awards and the advancement of Starlab development.

Keybanc’s adjustment followed the company’s third-quarter fiscal 2025 earnings call on November 3. The firm said it was keeping its earlier estimates. Despite the cut, the revised price target represents 126% upside from the November 14 closing price of $19.87.

Voyager Technologies, Inc. (NYSE:VOYG)’s shares have slumped by more than 40% over the past month, and the decline has continued following the earnings call. The company reported  revenue of $39.6 million, which largely remained flat year-over-year. Adjusted EPS was a loss of $0.22, but improved from a loss per share of $1.56 in the prior year’s quarter.

While Defense and National Security revenue grew 31% year-over-year, the top line for Space Solutions was down nearly 41%, driven by a wind-down of a multi-year contract with NASA. During the earnings call, the management acknowledged that the government shutdown could delay certain contracts and projects.

Voyager Technologies Inc. (NYSE:VOYG) is a defense technology and space solutions company that is committed to advancing and delivering transformative, mission-critical solutions.

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