
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron Inc. has demonstrated a robust financial performance, with Networks revenues increasing by 6% year-over-year, largely due to heightened utility project deployments, while the Outcomes segment saw a remarkable 25% growth in revenues, highlighting its leading role in overall revenue growth for three consecutive quarters. Free cash flow generation surged 78% year-over-year to approximately $70 million, with expectations for further growth as a percentage of revenue, which underscores the company's operational effectiveness and profitability. Additionally, an improved product mix contributed to a gross margin increase of 90 basis points year-over-year, reaching 34.9%, reinforcing the positive outlook on Itron's financial health and operational resilience as investments in grid resilience continue to expand.
Bears say
The financial analysis indicates a negative outlook for Itron Inc due to several key factors affecting its growth projections. Firstly, the EBITDA multiple applied to the slightly reduced 2026 outlook presents a valuation decline, with a notable decrease from $135 to $133 per share, attributed to modest expectations for 2025 growth. Additionally, a contraction in device sales by approximately 4.4%, driven by reduced demand for legacy electric meter products, signals underlying weaknesses that could further hinder the company's revenue growth beyond 2024.
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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