Baird Initiates Spire Global With Wait And See Approach, Neutral Rating

September 8, 2021 5:07 PM | 1 min read |

Baird analyst Jeffrey Meuler initiated coverage of Spire Global Inc SPIR with a Neutral rating and price target of $12, implying an upside of 7.05%.
Meuler states that Spire is among early movers in the "potentially very large and attractive" space-based data and analytics sector.
The analyst believes Spire Global will likely be among long-term winners in a "large and attractive market," but he thinks a "wait and see approach" on the shares is warranted given recent trends and its reduced outlook.
Price Action: SPIR shares closed higher by 5% at $11.22 on Wednesday.