Spire Global initiated with a Buy at Alliance Global Partners

Alliance Global Partners analyst Brian Kinstlinger initiated coverage of Spire Global with a Buy rating and $22 price target. * The company has the largest network of listening satellites with more than 100 that enable global coverage, which is a barrier to entry, the analyst tells investors in a research note. The firm believes worldwide events that include a record number of billion-dollar weather disasters as well as ongoing geopolitical conflicts including wars at sea and interruption in shipping create a favorable environment for Spire’s growth prospects.