On January 21, 2026, Morgan Stanley assigned Spire Inc. (SR) a price target of $93, implying an 11.30% potential increase from its then reference level of $83.56. This marks the highest target among the four major Wall Street brokerage firms covering SR, reflecting growing confidence in Spire’s ability to capitalize on favorable regulatory developments and rate-base expansion in its natural gas distribution footprint.

In the most recent session, SR recorded a modest uptick of 0.41%, with its intraday trading range spanning from $82.74 to $84.44. Over the past 12 months, shares have oscillated between a low of $68.48 and a high of $91.11, underscoring the stock’s sensitivity to both weather-driven demand shifts and pipeline infrastructure investment news within its multi-state service territories.

Spire is scheduled to host its fiscal 2026 first-quarter conference call and webcast on February 3, 2026. Management will release detailed financial results and forward-looking guidance before market open, offering insight into capital expenditure plans totalling approximately $600 million for the year and anticipated rate-case filings across Missouri and Alabama in Q2 and Q3. Investors will closely monitor the company’s commentary on customer growth metrics and gas sales volumes amid moderating winter demand.

With a market capitalization of roughly $4.96 billion and an average daily trading volume of 156,425 shares, SR continues to attract steady investor interest. Trading activity has accelerated by 12% year-to-date, suggesting that market participants are positioning ahead of the upcoming earnings release and awaiting regulatory approvals for pipeline expansion projects that could materially boost rate base and cash flow beginning in late 2026.