Spire Global price target lowered to $14 from $17 at Stifel

Stifel lowered the firm’s price target on Spire Global (SPIR) to $14 from $17 and keeps a Buy rating on the shares. With over $96M in cash and no debt, Spire is in a strong position to fund R&D and advance its competitive moat in RF and weather data, contends the analyst, who sees an attractive entry point as Spire executes and delivers against program milestones given the “persistent pressure on the stock.”