Spire

SR · NYSE

$82.89+$1.72 (+2.12%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $81.17

SR analyst rating

HoldConsensus of 9 analysts over the last 12 months. 44% rate it a buy.

Strong buy0
Buy4
Hold5
Underperform0
Sell0

12-month price target · 14 analysts

Average $94.04 (+13.5% upside)

Low: $79.79
Now: $82.89
High: $107.10

Upgrades and downgrades

The latest rating actions, newest first

SR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 20, 2026	Maintains	Neutral	$85.00 → $86.00	0%
Scotiabank	Sep 29, 2026	Initiates	Sector Perform	$79.00	88%
Morgan Stanley	Sep 18, 2026	Maintains	Overweight	$91.00 → $88.00	58%
Morgan Stanley	Aug 21, 2026	Maintains	Overweight	$96.00 → $91.00	58%
Mizuho	Jul 7, 2026	Initiates	Outperform	$88.00	71%
JP Morgan	Jun 26, 2026	Downgrade	Overweight → Neutral	$84.00 → $85.00	0%
Wells Fargo	May 12, 2026	Initiates	Overweight	$96.00	40%
UBS	May 8, 2026	Maintains	Buy	$106.00 → $103.00	44%
TD Cowen	Apr 17, 2026	Initiates	Hold	$101.00	58%
Stifel	Jan 28, 2026	Maintains	Hold	$81.00 → $87.00	57%

The case for and against

Updated Jan 5, 2026

Bull case

Spire Inc. is focused on enhancing its core Gas Utility segment through continued investments that are largely recovered under Infrastructure System Replacement Surcharge (ISRS), effectively mitigating regulatory lag. The recent acquisitions of MoGas and Omega signal a strategic expansion in its midstream footprint, contributing positively to its growth prospects. This strategy, alongside a strong revenue foundation primarily derived from the Gas Utility business, underpins a positive long-term outlook for Spire's performance.

Bear case

Spire Inc. faces significant risks that could negatively impact its financial performance, primarily attributed to a warmer-than-expected winter, resulting in lower natural gas heating demand. Additionally, potential shifts in the regulatory environment and rising interest rates could hinder the company's operational capabilities and profitability. The possibility of a shutdown of the STL Pipeline further adds to the uncertainty surrounding Spire's revenue stability, particularly since the Gas Utility segment constitutes the majority of its income.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.