BofA Initiates Spire Global At Neutral, Sees 20% Upside

BofA analyst Ronald Epstein initiated Spire Global Inc (NYSE: SPIR) with a Neutral rating and a price target of $5.05, implying an upside of 20%.

byAkanksha Bakshi

November 30, 2021

1 minute read

BofA analyst Ronald Epstein initiated Spire Global Inc (NYSE:SPIR) with a Neutral rating and a price target of $5.05, implying an upside of 20%.
Epstein noted that spire collects and analyzes space-based data via radio frequency using its proprietary constellation of about 120 LEMUR satellites and 29 ground stations.
The analysts further added that the company’s growth is dependent on acquiring new customers and maintaining and improving its net retention rate.
Price Action: SPIR shares are trading lower by 6.7% at $4.19 on the last check Tuesday.

Penumbra Raises FY21 Sales Guidance From $695M-$705M To $720M-$730M vs $702.42M Est.

By Bill Haddad

Today, 7:48 PM

The Company is increasing its guidance for 2021 total revenue to be in the range of $720 million to $730 million, which represents 28% to 30% growth over 2020 revenue

PEN

M&A
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Kalera Says In An Additional Effort To Accelerate Co. To Cash Flow Positive, The Company Continues The Process Of Divesting Vindara, Its Seed Genetics Business And Expects To Close Prior To The End Of Q1 2023

By Happy Mohamed

Today, 7:48 PM

In an additional effort to accelerate bringing Kalera to cash flow positive, the Company continues the process of divesting Vindara, its seed genetics business and expects to close prior to the end of Q1 2023.

KAL