A Look At Spire Global’s Valuation As New Amadeus Deal And Cirrus Expansion Draw Interest

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Spire Global (SPIR) has drawn fresh attention after securing an aircraft tracking data deal with Amadeus IT Group for its Virtual Airport Operations Center and expanding Cirrus, its AI-powered weather intelligence platform for energy traders.

See our latest analysis for Spire Global.

These new aviation and energy trading contracts arrive after a sharp run in the stock, with a 30-day share price return of 28.16% and a 90-day share price return of 138.83%. The 1-year total shareholder return sits at 98.87%, all from a share price now at US$21.16, indicating that momentum has been building over both shorter and longer periods.

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With the stock trading slightly above the average analyst price target and recent contracts drawing fresh interest, the key question is whether Spire Global is now stretched or whether the market is still underestimating its future potential.

Most Popular Narrative: 4% Overvalued

The most followed narrative currently pegs Spire Global's fair value at $20.38, slightly below the last close at $21.16. This frames the recent share price strength in a more cautious light.

The analysts have a consensus price target of $20.38 for Spire Global based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $22.5, and the most bearish reporting a price target of just $15.0.

Read the complete narrative.

Want to see what is sitting behind that valuation gap? The narrative focuses on fast revenue expansion, changing margins and a rich future earnings multiple that many investors would usually associate with higher profile growth stories.

Result: Fair Value of $20.38 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, you still need to keep an eye on execution risk around that steep revenue ramp and the growing dependence on large, budget sensitive government contracts.

Find out about the key risks to this Spire Global narrative.

Another Angle: Multiples Paint A Sharper Picture

The narrative flags Spire Global as 4% overvalued against a fair value of $20.38, yet its current P/E of 16.7x sits below both the US market at 18.6x and the US Professional Services industry at 19.3x. The fair ratio, however, sits at just 1.7x, which is far lower and signals that if earnings quality or sustainability were reassessed, the market could adjust sharply. So is this a margin of safety or a sign that expectations still need dialing back?

Story Continues

For a closer look at how the current P/E compares with what the fair ratio suggests the market could move towards, See what the numbers say about this price — find out in our valuation breakdown.NYSE:SPIR P/E Ratio as at May 2026

Next Steps

The recent contracts and valuation signals present a mixed tone. It is therefore sensible to move quickly, review the full picture, and weigh the 3 key rewards and 4 important warning signs.

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If Spire Global has caught your eye, do not stop there; broaden your watchlist now so you are not late to the next opportunity.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SPIR.

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