Voyager Technologies (NYSE:VOYG) has experienced a significant adjustment in its stock price target, as Morgan Stanley has revised its estimate from $46.00 to $25.00. This update, communicated to investors on August 25, 2023, maintains an “equal weight” rating for the stock. The new price target suggests a potential upside of approximately 19.28% from its previous closing value.
Additional evaluations have emerged from various other financial institutions regarding Voyager Technologies. Bank of America has also adjusted its price target, reducing it from $50.00 to $41.00, while maintaining a “buy” rating for the company. KeyCorp similarly lowered its target from $50.00 to $45.00, categorizing the stock as “overweight” in their assessment issued on November 6, 2023.
Analyst Ratings and Market Sentiment
In contrast, Wall Street Zen downgraded Voyager Technologies from a “hold” to a “sell” rating, while JPMorgan Chase & Co. initiated coverage with an “overweight” rating and a price target of $43.00. Additionally, Weiss Ratings reaffirmed a “sell (d)” rating on the stock in their report dated October 8, 2023.
Current data compiled by MarketBeat.com indicates that five analysts rate the stock as a “buy,” two have assigned a “hold” rating, and one has classified it as a “sell.” The average rating across analysts stands at “Moderate Buy,” with an average target price of $42.71.
Institutional Investments in Voyager Technologies
Recent activity among institutional investors has demonstrated a mix of interest in Voyager Technologies. Dakota Wealth Management acquired a new position estimated at approximately $2,426,000 during the second quarter of 2023. Similarly, Highline Wealth Partners LLC entered the market with a new stake valued at around $26,000.
Other notable acquisitions include PFG Investments LLC, which invested about $212,000, and Liberty Street Advisors Inc., which secured a position valued at approximately $21,384,000. Additionally, SBI Securities Co. Ltd. bought into the company with a stake worth around $274,000.
Established in the defense technology and space solutions industry, Voyager Technologies aims to tackle key challenges within national security and economic development. The company focuses on innovation to bolster critical assets and explore new avenues for advancement.
As investors monitor the evolving landscape of Voyager Technologies, the adjustments in price targets and analyst ratings underscore the volatility and potential of the stock in the current market environment.
