
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron Inc has demonstrated robust financial performance, with Networked Solutions revenues increasing by 6% year-over-year, driven by new utility project deployments, and a significant Q4 bookings surge that was approximately 56% higher than the company's next-best quarter. The company reported a striking 78% year-over-year increase in free cash flow, reaching around $70 million, and anticipates a greater free cash flow as a percentage of revenue moving forward. Additionally, the Outcomes segment outpaced other segments with a remarkable 25% revenue increase year-over-year to nearly $91 million, sustaining double-digit growth throughout FY24, further supporting a positive outlook for Itron’s financial future.
Bears say
Itron Inc's financial outlook reflects concern due to a projected decline in per-share valuation, decreasing from $135 to $133, largely attributed to a downward revision in the company’s 2026 projections. The anticipated revenue growth rate of 3.8% is affected by a revenue slippage from 2023 to 2024, resulting in a misleading comparison that dampens long-term growth expectations from 2024 to 2026. Additionally, the Device Solutions segment has experienced a contraction of approximately 4.4% in sales, driven by declining demand for traditional electric meter products, which could impact overall profitability and market reputation.
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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