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太空经济+国家安全双引擎,美银定50美元目标价看好Voyager(VOYG.US)潜力
智通财经网· 2025-07-08 03:32
Core Viewpoint - Bank of America Securities has initiated coverage on Voyager Technologies (VOYG.US) with a "Buy" rating, highlighting its unique investment value due to deep involvement in national security projects and opportunities in the space economy [1][2] Company Overview - Voyager's core business includes advanced guidance, navigation, and control systems, with significant participation in key defense and space programs [1] - The company is involved in the Next Generation Interceptor (NGI) missile defense program, which is seen as a critical growth engine [2] Investment Highlights - Voyager is positioned to benefit from both "strongly supported national security projects" and "incremental space economy opportunities," with potential gains from the Star Lab project and acquisition strategies [1] - The joint venture with Airbus for the Star Lab space station is viewed as a key candidate to fill the market gap left by the retirement of the International Space Station, with projected revenues exceeding $3 billion by 2032 [2] Financial Projections - Bank of America has set a target price of $50 for Voyager, indicating significant upside potential compared to the current stock price of $39.26 [2][3] - The valuation is based on a projected enterprise value/sales ratio of 14 times for 2026, slightly above the industry average, but deemed appropriate given the strategic value of its project portfolio [2] Market Position - Despite current profitability lagging behind peers in the defense technology sector, Voyager is considered to have a unique position in a high-growth market, attracting ongoing investor interest [3]