Wall Street Analysts See a 59.92% Upside in Spire (SPIR): Can the Stock Really Move This High?

Core Viewpoint - Spire Global, Inc. (SPIR) has seen a 7.2% increase in share price over the past four weeks, closing at $10.38, with analysts suggesting a potential upside of 59.9% based on a mean price target of $16.60 [1] Price Targets - The average price target consists of five estimates ranging from a low of $13 to a high of $20, with a standard deviation of $2.51, indicating variability among analysts [2] - The lowest estimate suggests a 25.2% increase from the current price, while the highest estimate indicates a potential upside of 92.7% [2] Analyst Sentiment - Analysts are optimistic about SPIR's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 8.2%, with one estimate moving higher and no negative revisions [12] Zacks Rank - SPIR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside [13]