- Piper Sandler analyst Weston Twigg initiated Spire Global Inc SPIR with a Neutral rating and a price target of $6.50, implying an upside of 7%.
- Twigg says the company's revenue will likely ramp slower than its pre-public target model.
- However, He adds that Spire maintains a "significant competitive advantage" due to its complete and operational satellite constellation, which could drive faster than expected revenue growth.
- Price Action: SPIR shares are trading lower by 3.34% at $6.08 on the last check Friday.
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