
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron Inc. demonstrated a positive financial trajectory, highlighted by a 6% year-over-year increase in Networks revenues, attributed to enhanced utility project deployments. The company achieved a significant leap in free cash flow, rising by 78% year-over-year to approximately $70 million, with an expectation for continued improvement in free cash flow as a percentage of revenue in the future. Additionally, the Outcomes segment exhibited strong performance, leading revenue growth with a remarkable 25% year-over-year increase to roughly $91 million, sustaining double-digit growth for every quarter of fiscal year 2024.
Bears say
Itron Inc.'s stock outlook is negatively affected by a modest growth projection for 2025, exacerbated by artificially inflated 2024 revenue, which distorts the company's long-term revenue CAGR. Device sales have contracted by approximately 4.4%, reflecting weaker demand for legacy electric meter products, signaling potential challenges in maintaining a strong market presence. Furthermore, any delays or supply shortages could harm Itron's reputation, leading to decreased sales and an unfavorable margin profile, which raises concerns about future profitability.
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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