Spire Global (SPIR) PT Raised to $24 at Stifel

Stifel analyst Erik Rasmussen raised the price target on Spire Global (NYSE: SPIR) to $24.00 (from $22.00) while maintaining a Buy rating.

The analyst comments "Earlier this week, Theresa Condor, CEO and Ben Hackman, Head of Investor Relations participated in our Stifel 2026 Boston Cross Sector 1x1 Conference. Spire’s recent performance reinforces strong underlying momentum, which should continue throughout the year. We view the set-up as attractive, with risk shifting from demand to execution and growth as the company brings new satellite capacity online and converts backlog into revenue, especially in 2H where margins and operating leverage should improve meaningfully. Growth is supported by multiple opportunities that are converging including NOAA’s procurement of commercial weather data, accelerating European defense spending, and increasing adoption of RF geolocation solutions. Strategically, investments in new technology such as RFGL, HyMS and its recent partnership with Schaeffler position Spire to move up the value chain, expand internationally with a known partner, and participate in sovereign space initiatives, supporting sustained growth and multiple expansion. Below we highlight our key takeaways."

You May Also Be Interested In

• ICON plc (ICLR) PT Raised to $190 at Mizuho
• Travere Therapeutics (TVTX) PT Raised to $65 at Guggenheim
• Traton SE (8TRA:GR) (TRATF) PT Raised to EUR36 at Bernstein SocGen Group