
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron is a global leader in energy and water resource management, with a strong focus on smart grid technology. The company has a diversified business model with a strong focus on the networked solutions segment, which is expected to continue to drive growth. Itron has a solid backlog and awarded projects, and its strategic grid-visibility program with Duquesne Light Company highlights its ability to deliver integrated solutions to support next-gen grid operations. With a stable market, strong gross margins, and a growing pipeline, Itron offers a positive outlook for investors.
Bears say
Itron is seeing strong demand for water management in Europe and robust demand for gas solutions in North America, despite weaker water demand in the U.S. The company's backlog, bookings, and pipeline are at or near all-time record levels, indicating future growth potential. However, Itron faces challenges with timing of orders and a lower-than-expected book-to-bill ratio, but with its leading market share and expected increased spending in the industry, solid growth is anticipated in the future. This was reflected in its recent earnings report, where Itron beat expectations for revenue, EPS, and bookings while showing steady growth in its backlog and annual recurring revenue.
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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