5 Best Space Stocks to Buy According to Wall Street Analysts

2. Spire Global, Inc. (NYSE:SPIR)

Number of Hedge Fund Holders: 5  

Upside Potential as of December 23: 231%

Spire Global, Inc. (NYSE:SPIR) operates from Virgina and markets space-to-cloud data and analytics. It focuses on the tracking of global datasets accumulated from a nanosatellite constellation. On November 9, investment advisory Stifel maintained a Buy rating on Spire Global, Inc. (NYSE:SPIR) stock and lowered the price target to $24 from $26, noting the firm reported better-than-expected Q3 results, with a slight revenue beat and meaningfully outperformance on margins. 

At the end of the third quarter of 2023, 5 hedge funds in the database of Insider Monkey held stakes worth $1.2 million in Spire Global, Inc. (NYSE:SPIR), compared to 11 the preceding quarter worth $3.5 million.