Voyager Technologies (NYSE:VOYG) Price Target Lowered to $41.00 at Bank of America

Voyager Technologies (NYSE:VOYG) had its price target decreased by Bank of America from $50.00 to $41.00 in a research note issued to investors on Monday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other analysts have also issued reports about the company. KeyCorp assumed coverage on Voyager Technologies in a report on Monday, July 7th. They set an “overweight” rating and a $50.00 price target on the stock. Barclays assumed coverage on Voyager Technologies in a report on Monday, July 7th. They set an “equal weight” rating and a $45.00 price target on the stock. Wolfe Research assumed coverage on Voyager Technologies in a report on Monday, July 7th. They set an “outperform” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. began coverage on Voyager Technologies in a report on Monday, July 7th. They set an “overweight” rating and a $52.00 price target on the stock. Finally, Wall Street Zen downgraded Voyager Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.71.

Voyager Technologies Stock Performance

VOYG stock opened at $32.25 on Monday. The firm has a 50 day moving average of $38.09. Voyager Technologies has a twelve month low of $28.39 and a twelve month high of $73.95.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.33). The company had revenue of $45.67 million during the quarter, compared to analyst estimates of $35.44 million. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.29) EPS. Voyager Technologies has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Voyager Technologies

Hedge funds have recently made changes to their positions in the stock. Highline Wealth Partners LLC purchased a new position in shares of Voyager Technologies in the second quarter valued at $26,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Voyager Technologies in the second quarter valued at $28,000. Legal & General Group Plc purchased a new position in shares of Voyager Technologies in the second quarter valued at $40,000. Raymond James Financial Inc. purchased a new position in shares of Voyager Technologies in the second quarter valued at $105,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Voyager Technologies in the second quarter valued at $146,000.

About Voyager Technologies

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development.