Spire Global Inc is trading 9.9% up at $20.92 after investment firm Stifel raised its price target on the stock.
- Stifel increased its price target to $24.00 from $22.00, while maintaining a "Buy" rating on the shares.
- The firm cited an attractive company setup, with risk shifting from demand to execution as Spire brings new satellite capacity online and converts its backlog into revenue.