
Badger Meter (BMI) Stock Forecast & Price Target
Badger Meter (BMI) Analyst Ratings
Bulls say
Badger Meter's stock outlook appears favorable due to its increased normalized gross margin range, which rose from 38%-40% to 39%-42%, driven by a shift toward higher-margin products and ongoing structural improvements. The company experienced organic revenue growth of approximately 7.5%, complemented by SmartCover's contribution of 5% to revenue, resulting in a sequential revenue increase of about 6%. Additionally, the strong year-over-year gross margin expansion of 50 basis points signals ongoing operational efficiency and profitability improvements, supporting expectations for sustained revenue growth in the coming years.
Bears say
Badger Meter's recent performance reveals a concerning trend, with the company's base revenue growth falling short of its five-year outlook, particularly as it concluded several AMI turnkey projects in the latter half of 2025. The analysis indicates a sequential decline of 6% from the third to the fourth quarter of 2025, with flat year-over-year flow instrumentation sales, suggesting stagnation in a crucial segment. Additionally, potential future sales headwinds are highlighted due to the anticipated reduction in ARPA funds, which have been propping up the smart water meter market, alongside risks of overspending on acquisitions, raising concerns about the company's growth sustainability and financial health.
This aggregate rating is based on analysts' research of Badger Meter and is not a guaranteed prediction by Public.com or investment advice.
Badger Meter (BMI) Analyst Forecast & Price Prediction
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