Piper Sandler Initiates Spire Global With Neutral Rating

October 15, 2021 11:48 AM | 29 seconds read | Make a Comment

Piper Sandler analyst Weston Twigg initiated Spire Global Inc SPIR with a Neutral rating and a price target of $6.50, implying an upside of 7%.
Twigg says the company's revenue will likely ramp slower than its pre-public target model.
However, He adds that Spire maintains a "significant competitive advantage" due to its complete and operational satellite constellation, which could drive faster than expected revenue growth.
Price Action: SPIR shares are trading lower by 3.34% at $6.08 on the last check Friday.