Canaccord lowered the firm’s price target on Spire Global (SPIR) to $10.50 from $12 and keeps a Buy rating on the shares. The firm noted their Q3 results missed on the botht he top and bottom line due to delayed timing of revenue recognition from the 42-day US government shutdown. Management lowered guidance for 2025 but said they believe 30% organic growth annually is a realistic long-term target while expressing the company’s goal of becoming Adj. EBITDA and operating cash flow breakeven by Q4/26.
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