Analyst Austin Moeller from Canaccord Genuity maintained a Buy rating on Spire Global and keeping the price target at $16.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Austin Moeller has given his Buy rating due to a combination of factors that highlight Spire Global’s promising financial outlook and strategic growth opportunities. The company has pre-announced its Q2/25 revenues, projecting them to be between $18 and $19 million, and has reaffirmed its annual guidance at approximately $90 million. Additionally, Spire Global holds over $100 million in cash, providing a strong financial foundation. The management’s optimism about potentially exceeding their initial 2026 revenue growth expectations further supports the positive outlook.
Moreover, Spire Global has secured a significant five-year follow-on contract from an existing commercial customer, which underscores the company’s ability to deliver value and maintain customer satisfaction. The company’s involvement in key projects, such as Canada’s WildFireSat mission and NOAA’s renewed weather data contract, along with potential opportunities in the EURIALO satellite program and the Golden Dome initiative, highlight its strategic positioning in the market. These factors collectively contribute to the Buy rating, reflecting confidence in Spire Global’s growth trajectory and market potential.
In another report released on August 14, Craig-Hallum also maintained a Buy rating on the stock with a $15.00 price target.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPIR in relation to earlier this year.