Spire Global (NYSE:SPIR) Stock, Quote.Headers.trade-ideas

Spire Global

Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. It generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.

Spire Globall

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Russell 2000 ETF (ARCA: IWM) up 2.7%, its strongest session in a month, driven by positive economic data &amp; increased consumer spending, boosting confidence in US economy.

Russell 2000 Set For Strongest Session In A Month As US Economy Defies Recession Fears: Small Cap Movers On Thursday

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Why Lumentum Shares Are Trading Higher By Around 16%; Here Are 20 Stocks Moving Premarket

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This United Airlines Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

Spire Global Inc

SpiritSwap

SPIRIT AIRLINES ORD

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SPIRAX GROUP PLC UNSP/ADR by SPIRAX GROUP PLC

Spire Inc

Spire Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock

Spire Inc Corporate Unit 03/01/2024

SPIRENT COMMUNS PLC S/ADR by Spirent Communications Plc

Spirent Communications PLC

SPIRENT PLC ORD by Spirent Communications Plc

Spirit Aerosystems Holdings, Inc. Common Stock

Spirit AeroSystems Holdings Inc

Spirit Airlines Inc

SPIRIT BLOCKCHAIN CAP INC by SPIRIT BLOCKCHAIN CAP INC.

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Canaccord Genuity analyst Austin Moeller assumes Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) with a Buy rating and lowers Price Target of $12.

Price Target

Initiation

Canaccord Genuity Assumes Spire Global at Buy, Lowers Price Target of $12

The award is part of an Indefinite Delivery Indefinite Quantity (IDIQ) contract with a&nbsp;$59 million&nbsp;ceiling for NOAA&#39;s Commercial Weather Data Program&#39;s Radio Occultation Data Buy II.

Contracts

Spire Global Secures $3.83M Contract From The National Oceanic And Atmospheric Administration To Provide Radio Occultation Data For One-year Period

The waiver and amendment also requires the Company to make a&nbsp;$10 million&nbsp;payment toward the outstanding principal balance of the term loans under the financing agreement on August 31, 2024.
As of June 30, 2024, the Company had cash, cash equivalents and short-term marketable securities of approximately&nbsp;$46 million.

Spire Global Enters Into Waiver And Amendment To Its Current Financing Agreement With Blue Torch Capital

Raymond James analyst Ric Prentiss downgrades Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) from Outperform to Market Perform.

Downgrades

Raymond James Downgrades Spire Global to Market Perform

Spire announces multi-million-dollar contracts with U.S. Air Force, UK Space Agency and NASA
The Company expects to report second quarter results and restate impacted historical financials within six-month period
Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) ("Spire" or the "Company") announces new multi-million-dollar contracts, the receipt of an NYSE notice regarding its late Form 10-Q filing and the Company's decision to restate certain historical financials following its review of the technical revenue recognition accounting for certain contracts.
Underscoring Spire's mission to improve life on Earth with data from space, the Company has been awarded new contracts focused on improving national security, weather forecasting and climate research:
<ul>
<li>$14M Air Force contract: Spire has been awarded a $14 million contract by the Air Force Research Laboratory (AFRL) under the SBIR Phase II STRATFI program. Over the next 48 months, Spire agreed to develop and deploy a cluster of satellites designed to detect and track moving objects on Earth with the goal of enhancing situational awareness for U.S. defense operations. This project is expected to leverage advanced sensing technologies, including radio frequency, electro optical infrared, and multi-spectral imagery sensors, to deliver cutting-edge space-based Surveillance, Reconnaissance, and Tracking capabilities.</li>
<li>£3.5M UK Space Agency grant: The Company has been awarded a £3.5 million grant by the UK Space Agency (UKSA) to develop and demonstrate hyperspectral microwave sensing technology in orbit. Over the three-year project period, Spire expects to collaborate with the Met Office, STFC RAL Space, and STAR-Dundee to enhance global weather forecasting. This initiative will deploy a small satellite equipped with advanced microwave sounders, which is expected to offer high-quality vertical resolution and data accuracy, ultimately improving weather prediction and climate understanding.</li>
<li>$6.7M NASA contract renewal: Spire has been awarded a $6.7 million, 12-month contract renewal from NASA under the Commercial Smallsat Data Acquisition (CSDA) Program. This marks the second consecutive year of increased contract value, allowing Spire to continue delivering its comprehensive Earth observation data, including GNSS radio occultation, GNSS Reflectometry, and space weather measurements. Spire's data will support U.S. government-funded research with the objective of enhancing global weather forecasting, atmospheric profiling, and climate research.</li>
</ul>
On August 21, 2024, the Company received notice from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing standards as set forth in Section 802.01E of the NYSE Listed Company Manual due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC"). Under the NYSE's rules, the Company can regain compliance with this NYSE listing standard by filing the Form 10-Q with the SEC before February 19, 2025.

Spire Global Provides Update On New Contracts And Revenue Recognition Review Of Certain Prior Contracts; Spire Has Been Awarded A $14M Contract By The Air Force Research Laboratory; £3.5Mmillion Grant By The UK Space Agency; Awarded A $6.7M, 12-Month Contract Renewal From Nasa Under The Commercial Smallsat Data Acquisition Program; ReceivedNYSE Notice Regarding Late Form 10-Q Filing

The satellites will monitor soil moisture, improve global weather forecasts and serve missions for Space Services customers

Reported Friday, Spire Global Launches Seven Multi-Payload Satellites On SpaceX Mission To Enhance Weather Forecasting

The Russell 2000 is set for its strongest session in a month, bolstered by renewed confidence in the U.S. economy&#8217;s resilience after recession fears rattled <a href="https://www.benzinga.com/markets">markets earlier this month.</a>
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) was up 2.8% Thursday afternoon, battling for its best one-day session since July 16, when it rallied 3.4%. The small-cap index outperformed the larger-cap indices, highlighting its heightened sensitivity to economic data.
<h3 class="wp-block-heading">Economic Data Fuels Small-Cap Rebound</h3>
The optimism surrounding the Russell 2000 was bolstered by the release of robust economic data on Thursday. Retail sales for July 2024 exceeded expectations, while initial jobless claims for the previous week came in lower than anticipated, countering recession fears.
Retail sales jumped 1% month-over-month in July, marking a sharp rebound from the downwardly revised 0.2% decline in June. This increase far surpassed the expected 0.3% gain and marked the most significant rise since January 2023. The surge was led by a 3.6% increase in sales at motor vehicle and parts dealers, followed by a 1.6% rise in sales at electronics and appliance stores.
On the labor market front, initial jobless claims fell from 234,000 to 227,000 for the week ending Aug. 10, defying market expectations of an increase to 235,000. This marks the second consecutive weekly decline since jobless claims reached a near-one-year high of 250,000 in late July.
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<h3 class="wp-block-heading">Economist Takes</h3>
&#8220;The July retail sales data were consistent with our soft-landing economic outlook,&#8221; said Aditya Bhave, Bank of America economist. 
Bhave highlighted that the retail sales control group, which represents over a quarter of total personal consumption expenditures (PCE) and more than 80% of goods spending, has seen annualized increases of 6.8% and 4.4% over the past three and six months, respectively.
&#8220;With inflation cooling off, retail spending is still clearly running above trend. The decline in jobless claims reported today supports our view that a still-solid labor market is propping up consumer spending,&#8221; Bhave added.
In response to Thursday&#8217;s economic data, traders adjusted their expectations for future Federal Reserve rate cuts. The probability of a 25-basis-point rate cut has now increased to 77%, up from 64% just a day earlier and 45% a week ago.
David Morrison, senior market analyst at Trade Nation, stated, &#8220;It appears that the issues caused by the unwinding of the yen carry-trade, the frothiness of the tech sector, and U.S. recession fears have now dissipated. Investors are in a much better mood than they were 10 days ago, although a period of consolidation may be required to fully digest recent gains.&#8221;
<h3 class="wp-block-heading">Thursday&#8217;s Movers In The Russell 2000</h3>
The top five performers within the Russell 2000 index on Thursday were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>% (1-day)</td>
</tr>
<tr>
<td>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>)</td>
<td>40.89</td>
</tr>
<tr>
<td>Accuray Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARAY#NASDAQ">ARAY</a>)</td>
<td>33.43</td>
</tr>
<tr>
<td>Gambling.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAMB#NASDAQ">GAMB</a>)</td>
<td>26.22</td>
</tr>
<tr>
<td>Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>)</td>
<td>24.24</td>
</tr>
<tr>
<td>Telos Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) </td>
<td>24.15</td>
</tr>
</tbody>
</table>
</figure>
Conversely, the top five losers were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>% (1-day)</td>
</tr>
<tr>
<td>Terran Orbital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLAP#NYSE">LLAP</a>)</td>
<td>-41.26%</td>
</tr>
<tr>
<td>SIGA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGA#NASDAQ">SIGA</a>)</td>
<td>-34.15</td>
</tr>
<tr>
<td>Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) </td>
<td>-30.05</td>
</tr>
<tr>
<td>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>)</td>
<td>-26.53</td>
</tr>
<tr>
<td>Titan Machinery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>)</td>
<td>-10.16</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Join Us At The Benzinga Small Cap Conference</h3>
Stay ahead of the market trends in U.S. small-cap stocks and get in-depth insights from industry experts. Join us at the Benzinga Small Cap Conference in October. 
Secure your spot today by registering at <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024">Benzinga Small Cap Conference</a>. Don&#8217;t miss this opportunity to gain valuable knowledge and network with key players in the small-cap space.
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Baird analyst Jeffrey Meuler downgrades Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) from Outperform to Neutral and lowers the price target from $15 to $9.

Baird Downgrades Spire Global to Neutral, Lowers Price Target to $9

Craig-Hallum analyst Jeff Van Rhee downgrades Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) from Buy to Hold and lowers the price target from $13 to $8.

Craig-Hallum Downgrades Spire Global to Hold, Lowers Price Target to $8

WIIM

Spire Global shares are trading lower after the company announced it filed a Form 12b-25 for late filing of its Q2 2024 report.

Shares of Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter financial results and issued strong f<a href="https://www.benzinga.com/quote/LITE/earnings">irst-quarter revenue guidance.</a>
The company reported quarterly earnings of 6 cents per share which beat the analyst consensus estimate of 3 cents per share.
Lumentum Holdings shares jumped 16.4% to $52.99 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) rose 90.1% to $0.6123 in today's pre-market trading after the company announced the courts approval to convene a meeting of shareholders to approve a merger with AutoMax.</li>
<li>VS MEDIA Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) gained 86.2% to $1.33 in pre-market trading after gaining 4% on Wednesday.</li>
<li>Altamira Therapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTO#NASDAQ">CYTO</a>) gained 52.2% to $1.40 in pre-market trading.</li>
<li>Airship AI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) jumped 20.2% to $3.03 in pre-market trading after reporting a profit for the second quarter.</li>
<li>Accuray Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARAY#NASDAQ">ARAY</a>) gained 20.2% to $1.72 in pre-market trading after the company reported better-than-expected fourth-quarter sales results.</li>
<li>Nxu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) gained 15.2% to $0.39 in pre-market trading.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) gained 15.2% to $379.24 in pre-market trading after Berkshire Hathaway added a stake in the company.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) shares rose 13.7% to $0.1707 in pre-market trading after gaining 13% on Wednesday.</li>
<li>Syntec Optics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) gained 13.6% to $1.67 in pre-market trading. Syntec Optics Holdings posted second-quarter results on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Turnstone Biologics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSBX#NASDAQ">TSBX</a>) shares declined 40.5% to $1.30 in pre-market trading after the company reported worse-than-expected second-quarter EPS results.</li>
<li>Titan Machinery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) declined 26.9% to $11.24 in pre-market trading as the company reported weak preliminary financial results for the second quarter.</li>
<li>Jianzhi Education Technology Group Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZ#NASDAQ">JZ</a>) shares declined 26.9% to $0.65 in pre-market trading after gaining 12% on Wednesday</li>
<li>Vicinity Motor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) fell 20.5% to $0.1450 in today's pre-market trading after dipping 12% on Wednesday.</li>
<li>Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) shares dipped 18.5% to $8.28 in pre-market trading after the company announced it filed a Form 12b-25 for late filing of its Q2 2024 report.</li>
<li>Avalon GloboCare Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALBT#NASDAQ">ALBT</a>) fell 18% to $0.3922 in pre-market trading. Avalon GloboCare shares jumped 82% on Wednesday after the company announced its Laboratory Services MSO, LLC has begun manufacturing the GeeWhiz external male catheter.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) shares fell 16.4% to $0.1403 in pre-market trading after the company announced a reverse stock split and authorized share reduction.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 16.1% to $0.3227 in pre-market trading following worse-than-expected first-quarter EPS results.</li>
<li>Digital Ally, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) fell 14.6% to $1.160 Inc pre-market trading. Digital Ally shares jumped 62% on Wednesday after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.</li>
<li>Precigen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGEN#NASDAQ">PGEN</a>) shares fell 9% to $1.02 in pre-market trading after posting weak quarterly results</li>
</ul>
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Spire Global Files Form 12b-25 For Late Filing Of Q2 2024 Report; Working To Finalize Financials And Will Reschedule Earnings Call Once Form 10-Q Filing Date Is Confirmed

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Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fspire.com%2F&amp;esheet=54090178&amp;newsitemid=20240708182692&amp;lan=en-US&amp;anchor=Spire+Global%2C+Inc.&amp;index=1&amp;md5=7fc8533dbda33c260a35a953e67fc2a0">Spire Global, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) (&quot;Spire&quot; or &quot;the Company&quot;), a global provider of space-based data, analytics and space services, was awarded a CA&nbsp;$1.41 million&nbsp;contract by the Government of Canada (GoC) for the provision of global automatic identification system (AIS) ship tracking data. The one-year contract includes options for two additional years, extending the total potential contract value to nearly CA&nbsp;$4.23 million.

Government

Regulations

Spire Global Bags C$1.41M Deal From Government of Canada for Ship Tracking Data, With Option To Expand Contract Value To C$4.23M

<h3>Gainers</h3>
<ul>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares rose 8.9% to $0.59 during Thursday's after-market session. The market value of their outstanding shares is at $9.8 million. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) stock increased by 7.07% to $0.16. The company's market cap stands at $15.3 million. </li>
<li>Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) shares moved upwards by 5.06% to $11.0. The company's market cap stands at $267.4 million. </li>
<li>BlackSky Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKSY#NYSE">BKSY</a>) stock increased by 4.28% to $1.04. The market value of their outstanding shares is at $150.2 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock increased by 3.7% to $1.96. The market value of their outstanding shares is at $170.3 million. As per the news, the Q1 earnings report came out 4 days ago. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) stock rose 3.51% to $0.27. The company's market cap stands at $22.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares fell 10.6% to $0.57 during Thursday's after-market session. The market value of their outstanding shares is at $8.6 million. </li>
<li>FTAI Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIP#NASDAQ">FIP</a>) shares declined by 4.73% to $7.66. The company's market cap stands at $778.9 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares fell 3.96% to $0.3. The company's market cap stands at $31.9 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares declined by 3.71% to $0.87. The company's market cap stands at $52.6 million. </li>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) stock fell 3.64% to $1.06. The market value of their outstanding shares is at $21.1 million. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares fell 3.53% to $0.47. The company's market cap stands at $116.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BlackSky Technology Inc. Class A Common Stock

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12 Industrials Stocks Moving In Thursday's After-Market Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Redburn Atlantic analyst James Goodall upgraded the rating for United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) from Neutral to Buy, while announcing a price target of $70. United Airlines shares gained 1.1% to close at $52.91 on Wednesday. <a href="https://www.benzinga.com/quote/UAL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HSBC analyst Erwan Rambourg upgraded Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from Hold to Buy and announced a price target of $425. Lululemon shares rose 0.5% to settle at $308.27 on Wednesday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital analyst Keith Bachman upgraded the rating for Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) from Market Perform to Outperform and maintained a price target of $40. Rubrik shares rose 2.1% to settle at $31.40 on Wednesday. <a href="https://www.benzinga.com/quote/RBRK/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
<li>Goldman Sachs analyst Salveen Richter upgraded Ultragenyx Pharmaceutical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RARE#NASDAQ">RARE</a>) from Neutral to Buy and increased the price target from $56 to $67. Ultragenyx Pharmaceutical shares rose 1.3% to close at $41.45 on Wednesday. <a href="https://www.benzinga.com/quote/RARE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst John Roberts upgraded the rating for Sealed Air Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) from Neutral to Buy and raised the price target from $36 to $50. Sealed Air shares settled at $39.68 on Wednesday. <a href="https://www.benzinga.com/quote/UAL/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39204621/top-4-industrials-stocks-that-could-lead-to-your-biggest-gains-this-quarter">Top 4 Industrials Stocks That Could Lead To Your Biggest Gains This Quarter</a>

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
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<li>Guggenheim analyst Subbu Nambi initiated coverage on Twist Bioscience Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) with a Buy rating, while announcing a price target of $53. Twist Bioscience shares gained 6.8% to close at $46.98 on Tuesday. <a href="https://www.benzinga.com/quote/TWST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital analyst Fadi Chamoun initiated coverage on Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with an Outperform rating and announced a price target of $210. Old Dominion Freight Line shares rose 1.7% to settle at $172.14 on Tuesday. <a href="https://www.benzinga.com/quote/ODFL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cantor Fitzgerald analyst Troy Jensen initiated coverage on Proto Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) with an Overweight rating, while announcing a price target of $44. Proto Labs shares fell 0.2% to settle at $30.32 on Tuesday. <a href="https://www.benzinga.com/quote/PRLB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs analyst Madhu Kumar initiated coverage on Jazz Pharmaceuticals plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAZZ#NASDAQ">JAZZ</a>) with a Buy rating and announced a price target of $169. Jazz Pharmaceuticals shares fell 1.2% to close at $104.48 on Tuesday. <a href="https://www.benzinga.com/quote/JAZZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Craig-Hallum analyst Jeff Van Rhee initiated coverage on Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) with a Buy rating, while announcing a price target of $13. Spire Global shares rose 1.1% to settle at $9.33 on Tuesday. <a href="https://www.benzinga.com/quote/SPIR/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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This Old Dominion Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

In the latest quarter, 6 analysts provided ratings for Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $19.0, a high estimate of $24.00, and a low estimate of $13.00. A decline of 18.28% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1717592446_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Spire Global's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeff Van Rhee</td>
<td>Craig-Hallum</td>
<td>Announces</td>
<td>Buy</td>
<td>$13.00</td>
<td>-</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$20.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Erik Rasmussen</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$20.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Jeffrey Meuler</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$15.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Brian Kinstlinger</td>
<td>Alliance Global Partners</td>
<td>Announces</td>
<td>Buy</td>
<td>$22.00</td>
<td>-</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Spire Global. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Spire Global compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Spire Global's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SPIR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Spire Global analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Spire Global's Background</h2>
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. It generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
<h3>A Deep Dive into Spire Global's Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Spire Global displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 6.29%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Spire Global's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -98.32%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -32.41%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Spire Global's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -9.81%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Spire Global's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.53, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Spire Global In The Eyes Of 6 Experts

Craig-Hallum analyst Jeff Van Rhee initiates coverage on Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) with a Buy rating and announces Price Target of $13.

Craig-Hallum Initiates Coverage On Spire Global with Buy Rating, Announces Price Target of $13

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Spire Global Reviews Finances Amid NYSE Compliance Issues

Spire Global (SPIR – Research Report) received a Hold rating and price target from Raymond James analyst Ric Prentiss today. The company's shares c...

Spire Global (SPIR) was downgraded to a Hold Rating at Raymond James

Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Spire Global (SPIR – Research Report) today. The company's shares closed yesterday a...

Craig-Hallum Sticks to Their Hold Rating for Spire Global (SPIR)

Stifel Nicolaus analyst Erik Rasmussen maintained a Buy rating on Spire Global (SPIR – Research Report) today and set a price target of $20.00. The...

Stifel Nicolaus Sticks to Their Buy Rating for Spire Global (SPIR)

Raymond James moves to the sidelines on Spire after accounting issues and review

Spire Global amends financing deal with Blue Torch Capital

Spire Global secures $3.8M NOAA contract for satellite weather data

Craig-Hallum Remains a Hold on Spire Global (SPIR)

Spire Global: A Recently Inked Milestone Deal Once Again Overshadowed By Another Management Blunder

Small private steps are a giant leap for commercial space

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Legal

Press Releases

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 21, 2024 in Spire Global Lawsuit – SPIR

SPIR Investors Have Opportunity to Lead Spire Global, Inc. Securities Fraud Lawsuit

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Lifecore, Spire Global, DexCom, and Arbor Realty and Encourages Investors to Contact the Firm

Lost Money on Spire Global, Inc.(SPIR)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm

DEADLINE ALERT for SPIR, DXCM, OFIX, STM: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

Spire Global (SPIR) Secures Debt Waiver Amid Accounting Scandal and Investor Suit- Hagens Berman

Spire Global, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before October 21, 2024 to Discuss Your Rights – SPIR

Spire Global, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before October 21, 2024 to Discuss Your Rights - SPIR

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Spire Global, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPIR

SPIR INVESTOR ALERT: Kirby McInerney LLP Notifies Spire Global, Inc. Investors of Securities Class Action

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