Voyager Technologies (VOYG) is "well-positioned" to benefit from "rising demand" in space and defense markets ahead of its fiscal Q1 earnings, while remaining resilient during market volatility due to its robust business models, Wedbush said Friday.

Voyager's portfolio in guidance, navigation and control, digital systems, secure communications, and artificial intelligence-driven intelligence, surveillance, and reconnaissance should support incremental deal wins over time, particularly amid heightened geopolitical tensions, the report said.

The aerospace company's core "defense" and "space services businesses" remain "underappreciated" despite strong demand and 18% fiscal 2025 gross margins, with a 30% to 35% long-term target, while its Estes Energetics acquisition strengthens its position in the missile supply chain tied to US defense priorities, according to the report.

Voyager is positioned at the "intersection of defense modernization and commercial space infrastructure," with capabilities in low Earth orbit infrastructure, propulsion, and defense-grade data.

Rising U.S. defense spending could drive further opportunities, while its recent National Aeronautics and Space Administration order for a seventh private astronaut mission to the International Space Station by 2028 supports the shift toward privatized space operations, Wedbush said.

Wedbush maintained its outperform rating and $46 price target on Voyager Technologies, while adjusting forecasts to reflect a more "back-half weighted" year as the company's pipeline converts into revenue growth.

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