
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron is well-positioned for long-term growth in the energy and water management market, with strong demand and a solid backlog of orders. Despite short-term disruptions in bookings, the company is demonstrating tangible progress towards higher margins and stronger earnings quality while investing in technology leadership. However, the company faces competition and risks related to long and unpredictable sales cycles for its meter products and delays in the approval process for utility projects. In light of these factors, the analyst has downgraded their investment rating to Neutral and removed their price target.
Bears say
Itron is expected to face supply constraints and rising prices for key raw materials and electronic components, which could negatively impact margins in the future. The company has also recently lowered its revenue and EBITDA estimates, citing reduced backlog coverage and uncertainty in project timing. With a fair valuation of 13x its 2026 EBITDA estimate and a decline in expected revenue growth compared to competitors, it seems like a risky investment. The potential for large software wins could provide some upside, but overall, the negative factors outweigh the positive ones.
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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