
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron is a leader in the growing market for smart energy and water management solutions, with a strong focus on the grid edge and data analytics. The company's diverse revenue streams, strong backlog and pipeline, and strategic acquisitions make it well-positioned to continue delivering solid growth. Risks include sensitivity to the utility end market and competition in the IIoT space, but overall, Itron's strong fundamentals and promising outlook make it a positive investment opportunity.
Bears say
Itron is a prime beneficiary of the utility capex cycle with a #1 position in grid automation, high-teens % of total sales coming from ARR, and a +MSD-HSD% CAGR in the broader trend of continued utility capex growth; however, with valuation at its lowest level since the early-pandemic selloff, investors have voiced concerns regarding the timing of bookings and projects which have affected the current value and financials of the company negatively. Additionally, the company has experienced significant improvement in worker safety, with TRIR dropping by nearly two thirds y/y to 0.1 and a LTIR of 0 with the possibility of increasing in the future due to plans to increase manufacturing and production volume.
This aggregate rating is based on analysts' research of Itron and is not a guaranteed prediction by Public.com or investment advice.
Itron (ITRI) Analyst Forecast & Price Prediction
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