Canaccord sets USD 22.50 target for Spire Global stock

Published on 10/02/2026 at 04:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 18.05 million versus USD 18.53 million consensus. Spire Global stock closed at EUR 9.75 on October 1, 2026 after EUR 9.75.

SPIR, US8485603067, Illustration mit AI erstellt.

On September 29, 2026, Canaccord Genuity analyst Austin Moeller maintained a Buy rating and set a USD 22.50 price target for Spire Global stock, according to Markets Insider. The target sits above the stock's recent US-dollar trading levels, while the latest operating figures show a more mixed picture.

NOAA contract adds visibility

On September 22, 2026, Spire Global announced a USD 33.20 million task order from the National Oceanic and Atmospheric Administration for two years of satellite weather data. The agreement begins on December 1, 2026, and covers global navigation satellite system radio occultation data for weather forecasting and related research, according to Spire Global.

The contract gives the company a dated revenue opportunity, but the release also describes additional options rather than committed revenue. That distinction matters because the latest quarter still showed a loss and revenue below expectations.

Revenue missed consensus

For the second quarter of 2026, Spire Global reported revenue of USD 18.05 million against a USD 18.53 million consensus estimate, while adjusted loss per share was USD 0.31 versus a USD 0.26 expected loss, MarketBeat reported on September 25, 2026. The revenue shortfall was USD 0.48 million, or 2.59 percent of consensus, calculated from the two reported figures.

The same report lists four Buy ratings, one Hold and one Sell among six analysts, producing a Moderate Buy consensus and an average 12-month target of USD 16.70. Canaccord's USD 22.50 target therefore sits above that average, making the September 29 rating a higher-end view rather than the consensus position.

Prior close remains EUR 9.75

Lang & Schwarz showed a prior close of EUR 9.75 for October 1, 2026 at 10:59 p.m. CEST, matching the previous close of EUR 9.75. Spire Global has a USD 356.9 million market capitalization and a USD 6.60 to USD 25.93 52-week range as of October 1, 2026.