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ITRI
Volume: 640.41K

Itron (ITRI) Stock Forecast & Price Target

Itron (ITRI) Analyst Ratings

Based on 7 analyst ratings
Buy
Strong Buy 43%
Buy 57%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Itron is well positioned to benefit from a sustained utility capex cycle, with management and the analysts citing visibility to MSD%/HSD% sales growth and +teens% adjusted EBITDA CAGRs as aging grids face AI-driven load growth. Its appeal is reinforced by a #1 position in grid automation, a 17-million-endpoint installed base, and ARR already comprising a high-teens percentage of sales, which support recurring revenue expansion through higher-value DI endpoints and outcomes-based solutions. Despite near-term timing noise and a 0.87x TTM book-to-bill, the pipeline is near all-time records, gross margins have improved sharply, and 2Q26 revenue guidance of $560-$570 million still fits a back-end-loaded 2026 setup.

Bears say

Itron is facing a negative setup because its core utility end market remains highly budget- and regulation-dependent, with long and unpredictable sales cycles that can delay revenue conversion. Despite a strong 1Q26 beat, 2Q26 guidance came in below expectations, 2026 remains back-end loaded, and backlog slipped to $4.4 billion from $4.5 billion, pointing to softer near-term momentum. While adjusted EBITDA reached $92.0 million and gross margin hit a record 40.7%, free cash flow of $79.0 million missed consensus, underscoring execution and cash conversion risk in a fragmented, competitive IIoT market.

Itron (ITRI) has been analyzed by 7 analysts, with a consensus rating of Buy. 43% of analysts recommend a Strong Buy, 57% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Itron and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Itron (ITRI) Forecast

Analysts have given Itron (ITRI) a Buy based on their latest research and market trends.

According to 7 analysts, Itron (ITRI) has a Buy consensus rating as of Oct 24, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $127.71, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $127.71, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Itron (ITRI)

Volume: 640.41K

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