
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron is a leading company in the grid modernization and smart metering industry, with a strong focus on technologies to help utilities manage their energy and water resources. Recent restructuring and acquisitions have positioned the company well for future growth, with backlog and awarded projects on the rise. Despite a recent selloff and concerns over timing of bookings, the company is expected to see a +MSD%/+HSD% sales CAGR and +teens% adjusted EBITDA CAGRs. However, there are risks to consider, including competition in the IIoT market and the unpredictability of utility sales cycles.
Bears say
Itron is a leading provider of solutions for energy and water management, with a strong presence in the grid edge intelligence and IIoT space. However, the negative outlook is driven by concerns over the company's 2Q26 guidance below consensus, a back-end loaded 2026, and a decline in backlog. Additionally, intense competition in the limited-grid-edge solutions market and uncertainties surrounding the transition to a combined solution may impact the company's future performance. While maintaining a Buy rating, the price target has been slightly lowered to reflect the company's competitive positioning, backlog strength, and revenue streams, supported by a strong demand outlook. However, operational execution, especially during a transition phase, remains a key area of concern.
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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