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Spire Global Stock Rallies. Here’s Why Canaccord Raised Its Price Target.

Spire Global Stock Rallies. Here’s Why Canaccord Raised Its Price Target.

Canaccord on Friday raised its price target on Spire Global stock, after the satellite imaging and space-based data company raised $70 million in funding. Shares of SPIR jumped on the news, notching a four-year high. Spire Global (SPIR) on Thursday announced it entered a private placement securities purchase agreement, which is expected to raise about $70 million before agent fees…

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