
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron is well positioned for the multi-year AMI 2.0 buildout, with a strong pipeline driven by demand for grid modernization and smart city applications. The company's recent 1Q26 results beat expectations on a pull-forward, leading to a 2Q26 guidance below expectations. However, Itron remains the market-share leader in grid-edge technology deployment and has limited competition in this space. The company has a strong backlog, with Outcomes and Resiliency Solutions accounting for 25% of total backlog and expected to grow. Furthermore, Itron's record gross margin and strong bookings highlight the company's ability to deliver integrated solutions and its stability in the market.
Bears say
Itron is experiencing near all-time levels of backlog, bookings, and pipeline, but the current book-to-bill ratio of 0.87x has investors hesitant to support the stock despite strong growth prospects and leading market share. While the factors that are material in evaluating a company's ESG performance can change over time, Itron has a strong process in place for capturing data from numerous sources. However, the company should work on addressing any potential issues in areas that are key to its industry, such as regulatory concerns and project timing.
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
Start investing in Itron (ITRI)
Order type
Buy in
Order amount
Est. shares
0 shares