Iteris (ITI) Stock Forecast, Price Target & Predictions
ITI Stock Forecast
Iteris stock forecast is as follows: an average price target of $8.33 (represents a 17.16% upside from ITI’s last price of $7.11) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
ITI Price Target
The average price target for Iteris (ITI) is $8.33 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $11.00 to $6.00. This represents a potential 17.16% upside from ITI's last price of $7.11.
ITI Analyst Ratings
According to 5 Wall Street analysts, Iteris's rating consensus is 'Buy'. The analyst rating breakdown for ITI stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 1 'Hold' (20.00%), 1 'Sell' (20.00%), and 0 'Strong Sell' (0.00%).
Iteris Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 14, 2024 | Jeff Van Sinderen | B.Riley Financial | $8.00 | $4.20 | 90.70% | 12.52% |
| Apr 30, 2024 | Allen Klee | Maxim Group | $11.00 | $4.48 | 145.54% | 54.71% |
| Feb 06, 2023 | - | EF Hutton | $6.00 | $4.47 | 34.23% | -15.61% |
| Nov 22, 2022 | - | EF Hutton | $5.50 | $3.15 | 74.60% | -22.64% |
The latest Iteris stock forecast, released on Jun 14, 2024 by Jeff Van Sinderen from B.Riley Financial, set a price target of $8.00, which represents a 90.70% increase from the stock price at the time of the forecast ($4.20), and a 12.52% increase from ITI last price ($7.11).
Iteris Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $9.50 |
| Last Closing Price | $7.11 | $7.11 | $7.11 |
| Upside/Downside | -100.00% | -100.00% | 33.61% |
In the current month, the average price target of Iteris stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Iteris's last price of $7.11. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 21, 2024 | Wells Fargo | - | Underweight | Downgrade |
| Aug 21, 2024 | B. Riley | - | Neutral | Downgrade |
| Apr 30, 2024 | Maxim Group | Buy | Buy | Hold |
| Apr 30, 2024 | Maxim Group | - | Buy | Initialise |
| Mar 20, 2024 | EF Hutton | Buy | Buy | Hold |
| Feb 06, 2023 | EF Hutton | Buy | Buy | Hold |
| Feb 03, 2023 | B. Riley Securities | Buy | Buy | Hold |
| Nov 22, 2022 | EF Hutton | - | Buy | Initialise |
| Jun 02, 2022 | B. Riley Securities | Buy | Buy | Hold |
Iteris's last stock rating was published by Wells Fargo on Aug 21, 2024. The company Downgrade its ITI rating from "null" to "Underweight".
Iteris Financial Forecast
Iteris Revenue Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $42.13M | $43.56M | $43.55M | $42.44M | $40.69M | $39.26M | $33.67M | $34.24M | $32.00M | $33.25M | $34.09M | $31.71M | $28.17M | $29.26M | $28.00M | $30.89M | $28.73M | $27.88M | $26.61M | $26.09M | $25.48M |
| Avg Forecast | $57.30M | $54.00M | $52.00M | $51.80M | $49.62M | $48.05M | $46.49M | $44.20M | $42.54M | $41.74M | $41.52M | $38.33M | $40.47M | $37.73M | $36.05M | $34.25M | $34.89M | $32.45M | $34.54M | $33.06M | $31.51M | $29.10M | $28.71M | $28.08M | $30.37M | $27.93M | $28.36M | $26.56M | $24.36M | $20.38M |
| High Forecast | $58.52M | $55.15M | $53.11M | $52.90M | $50.67M | $49.07M | $47.48M | $45.14M | $43.44M | $41.80M | $42.20M | $39.14M | $41.33M | $38.53M | $36.82M | $34.58M | $35.22M | $32.76M | $34.87M | $33.38M | $31.81M | $29.38M | $28.98M | $28.35M | $30.66M | $28.20M | $28.63M | $26.81M | $24.59M | $24.46M |
| Low Forecast | $56.63M | $53.37M | $51.40M | $51.20M | $49.04M | $47.49M | $45.95M | $43.68M | $42.04M | $41.67M | $41.01M | $37.88M | $40.00M | $37.29M | $35.63M | $33.93M | $34.56M | $32.14M | $34.21M | $32.75M | $31.21M | $28.82M | $28.44M | $27.81M | $30.08M | $27.67M | $28.09M | $26.30M | $24.13M | $16.31M |
| # Analysts | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.05% | 1.14% | 1.05% | 1.08% | 1.09% | 0.98% | 0.98% | 0.99% | 0.96% | 1.03% | 1.01% | 0.97% | 1.02% | 1.00% | 1.02% | 1.03% | 0.98% | 1.00% | 1.07% | 1.25% |
Iteris's average Quarter revenue forecast for Mar 24 based on 1 analysts is $42.54M, with a low forecast of $42.04M, and a high forecast of $43.44M. ITI's average Quarter revenue forecast represents a 0.97% increase compared to the company's last Quarter revenue of $42.13M (Dec 23).
Iteris EBITDA Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | - | $394.00K | $468.00K | $1.95M | $194.00K | $-1.23M | $-5.97M | $-2.57M | $-2.34M | $-1.04M | $-1.39M | $1.72M | $628.00K | $477.00K | $986.00K | $10.93M | $990.00K | $-1.42M | $-1.58M | $-1.10M | $-1.92M | $-1.01M |
| Avg Forecast | $-883.61K | $-832.72K | $-801.88K | $-798.79K | $-765.13K | $-740.98K | $-716.93K | $-681.56K | $1.53M | $-643.62K | $-640.22K | $-591.06K | $1.39M | $-581.81K | $-9.61M | $-2.40M | $-537.97K | $-500.43K | $-532.64K | $2.32M | $-485.88K | $-448.71K | $-442.71K | $-433.03K | $-468.29K | $-430.70K | $-437.31K | $-1.10M | $-375.62K | $-756.00K |
| High Forecast | $-873.35K | $-823.05K | $-792.57K | $-789.52K | $-756.25K | $-732.38K | $-708.61K | $-673.65K | $1.83M | $-642.53K | $-632.36K | $-584.19K | $1.67M | $-575.06K | $-7.69M | $-1.92M | $-532.87K | $-495.69K | $-527.60K | $2.79M | $-481.28K | $-444.46K | $-438.52K | $-428.92K | $-463.85K | $-426.62K | $-433.16K | $-882.40K | $-372.06K | $-604.80K |
| Low Forecast | $-902.41K | $-850.44K | $-818.95K | $-815.80K | $-781.42K | $-756.75K | $-732.20K | $-696.07K | $1.22M | $-644.55K | $-650.71K | $-603.64K | $1.11M | $-594.20K | $-11.53M | $-2.88M | $-543.13K | $-505.23K | $-537.75K | $1.86M | $-490.54K | $-453.01K | $-446.96K | $-437.18K | $-472.78K | $-434.83K | $-441.50K | $-1.32M | $-379.22K | $-907.20K |
| Surprise % | - | - | - | - | - | - | - | - | - | -0.61% | -0.73% | -3.30% | 0.14% | 2.12% | 0.62% | 1.07% | 4.35% | 2.08% | 2.60% | 0.74% | -1.29% | -1.06% | -2.23% | -25.24% | -2.11% | 3.30% | 3.61% | 1.00% | 5.12% | 1.33% |
1 analysts predict ITI's average Quarter EBITDA for Mar 24 to be $1.53M, with a high of $1.83M and a low of $1.22M. This is 288.04% upper than Iteris's previous annual EBITDA (Dec 23) of $394.00K.
Iteris Net Income Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| Net Income | - | - | - | - | - | - | - | - | - | $793.00K | $551.00K | $2.13M | $-544.00K | $-2.05M | $-7.40M | $-4.85M | $-3.04M | $-2.40M | $-2.15M | $611.00K | $-415.00K | $-212.00K | $413.00K | $10.35M | $217.00K | $-2.07M | $-2.19M | $-1.57M | $-2.43M | $-1.58M |
| Avg Forecast | $3.96M | $3.08M | $2.64M | $2.20M | $3.22M | $2.93M | $1.17M | $1.03M | $128.36K | $329.77K | $769.48K | $-329.77K | $116.69K | $-2.20M | $-14.88M | $-3.17M | $146.55K | $293.15K | $439.70K | $824.85K | $87.94K | $439.70K | $703.52K | $96.24M | $-615.58K | $-1.49M | $-1.14M | $-1.57M | $-2.73M | $-1.18M |
| High Forecast | $4.07M | $3.16M | $2.71M | $2.26M | $3.31M | $3.01M | $1.32M | $1.05M | $154.03K | $338.90K | $790.77K | $-324.80K | $140.03K | $-2.17M | $-11.90M | $-2.53M | $148.38K | $296.80K | $445.18K | $989.82K | $89.03K | $445.18K | $712.29K | $115.48M | $-607.99K | $-1.48M | $-1.13M | $-1.26M | $-2.69M | $-947.40K |
| Low Forecast | $3.90M | $3.03M | $2.60M | $2.17M | $3.18M | $2.89M | $879.41K | $1.01M | $102.69K | $324.80K | $384.74K | $-338.90K | $93.35K | $-2.26M | $-17.85M | $-3.80M | $144.75K | $289.54K | $434.28K | $659.88K | $86.86K | $434.28K | $694.85K | $76.99M | $-623.25K | $-1.51M | $-1.16M | $-1.89M | $-2.76M | $-1.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | 2.40% | 0.72% | -6.44% | -4.66% | 0.93% | 0.50% | 1.53% | -20.73% | -8.19% | -4.88% | 0.74% | -4.72% | -0.48% | 0.59% | 0.11% | -0.35% | 1.38% | 1.91% | 1.00% | 0.89% | 1.33% |
Iteris's average Quarter net income forecast for Mar 24 is $128.36K, with a range of $102.69K to $154.03K. ITI's average Quarter net income forecast represents a -83.81% decrease compared to the company's last Quarter net income of $793.00K (Dec 23).
Iteris SG&A Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | $11.65M | $12.58M | $12.09M | $11.33M | $11.28M | $10.65M | $11.61M | $11.51M | $10.57M | $11.00M | $10.98M | $11.05M | $10.15M | $9.25M | $8.72M | $11.35M | $11.45M | $11.52M | $10.07M | $10.31M | $9.63M |
| Avg Forecast | $18.64M | $17.57M | $16.92M | $16.85M | $16.14M | $15.63M | $15.13M | $14.38M | $10.50M | $13.58M | $13.51M | $12.47M | $9.55M | $12.28M | $11.73M | $7.58M | $11.35M | $10.56M | $11.24M | $14.82M | $10.25M | $9.47M | $9.34M | $9.14M | $9.88M | $9.09M | $9.23M | $10.07M | $7.93M | $7.22M |
| High Forecast | $19.04M | $17.94M | $17.28M | $17.21M | $16.49M | $15.97M | $15.45M | $14.69M | $12.60M | $13.60M | $13.73M | $12.74M | $11.46M | $12.54M | $11.98M | $9.10M | $11.46M | $10.66M | $11.35M | $17.78M | $10.35M | $9.56M | $9.43M | $9.22M | $9.98M | $9.17M | $9.32M | $12.08M | $8.00M | $8.67M |
| Low Forecast | $18.43M | $17.37M | $16.72M | $16.66M | $15.96M | $15.45M | $14.95M | $14.21M | $8.40M | $13.56M | $13.34M | $12.33M | $7.64M | $12.13M | $11.59M | $6.07M | $11.24M | $10.46M | $11.13M | $11.86M | $10.15M | $9.38M | $9.25M | $9.05M | $9.79M | $9.00M | $9.14M | $8.05M | $7.85M | $5.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.86% | 0.93% | 0.97% | 1.19% | 0.92% | 0.91% | 1.53% | 1.01% | 1.00% | 0.98% | 0.74% | 1.08% | 1.07% | 0.99% | 0.95% | 1.15% | 1.26% | 1.25% | 1.00% | 1.30% | 1.33% |
Iteris's average Quarter SG&A projection for Mar 24 is $10.50M, based on 1 Wall Street analysts, with a range of $8.40M to $12.60M. The forecast indicates a -9.84% fall compared to ITI last annual SG&A of $11.65M (Dec 23).
Iteris EPS Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| EPS | - | - | - | - | - | - | - | - | - | $0.02 | $0.01 | $0.05 | $-0.01 | $-0.05 | $-0.17 | $-0.11 | $-0.07 | $-0.06 | $-0.05 | $0.01 | $-0.01 | $-0.01 | $0.01 | $0.25 | $0.01 | $-0.05 | $-0.05 | $-0.05 | $-0.07 | $-0.05 |
| Avg Forecast | $0.09 | $0.07 | $0.06 | $0.05 | $0.07 | $0.07 | $0.03 | $0.02 | $0.03 | $0.01 | $0.02 | $-0.01 | $0.04 | $-0.05 | $-0.03 | $-0.05 | - | $0.01 | $0.01 | $0.01 | - | $0.01 | $0.02 | $-0.03 | $-0.01 | $-0.03 | $-0.03 | $-0.05 | $-0.06 | $-0.03 |
| High Forecast | $0.09 | $0.07 | $0.06 | $0.05 | $0.08 | $0.07 | $0.03 | $0.02 | $0.03 | $0.01 | $0.02 | $-0.01 | $0.04 | $-0.05 | $-0.03 | $-0.05 | - | $0.01 | $0.01 | $0.01 | - | $0.01 | $0.02 | $-0.03 | $-0.01 | $-0.03 | $-0.03 | $-0.05 | $-0.06 | $-0.02 |
| Low Forecast | $0.09 | $0.07 | $0.06 | $0.05 | $0.07 | $0.07 | $0.02 | $0.02 | $0.03 | $0.01 | $0.01 | $-0.01 | $0.03 | $-0.05 | $-0.03 | $-0.05 | - | $0.01 | $0.01 | $0.01 | - | $0.01 | $0.02 | $-0.03 | $-0.01 | $-0.03 | $-0.03 | $-0.05 | $-0.06 | $-0.04 |
| Surprise % | - | - | - | - | - | - | - | - | - | 2.47% | 0.74% | -6.65% | -0.37% | 0.97% | 5.10% | 2.20% | -21.51% | -8.50% | -5.00% | 1.09% | -5.00% | -0.51% | 0.63% | -8.93% | -0.38% | 1.47% | 1.92% | 1.00% | 1.13% | 1.67% |
According to 1 Wall Street analysts, Iteris's projected average Quarter EPS for Mar 24 is $0.03, with a low estimate of $0.03 and a high estimate of $0.03. This represents a 62.16% increase compared to ITI previous annual EPS of $0.02 (Dec 23).
Iteris Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MYNA | Mynaric | $0.71 | $4.00 | 463.38% | Hold |
| ADTN | ADTRAN | $5.44 | $15.67 | 188.05% | Buy |
| KVHI | KVH Industries | $4.69 | $13.00 | 177.19% | Buy |
| CMTL | Comtech Telecommunications | $3.30 | $9.00 | 172.73% | Hold |
| AVNW | Aviat Networks | $21.34 | $44.33 | 107.73% | Buy |
| DGII | Digi | $26.60 | $39.80 | 49.62% | Buy |
| ITI | Iteris | $7.11 | $8.33 | 17.16% | Buy |
| NTGR | NETGEAR | $21.94 | $22.00 | 0.27% | Buy |
ITI Forecast FAQ
Is Iteris a good buy?
Yes, according to 5 Wall Street analysts, Iteris (ITI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of ITI's total ratings.
What is ITI's price target?
Iteris (ITI) average price target is $8.33 with a range of $6 to $11, implying a 17.16% from its last price of $7.11. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Iteris stock go up soon?
According to Wall Street analysts' prediction for ITI stock, the company can go up by 17.16% (from the last price of $7.11 to the average price target of $8.33), up by 54.71% based on the highest stock price target, and down by -15.61% based on the lowest stock price target.
Can Iteris stock reach $11?
ITI's average twelve months analyst stock price target of $8.33 does not support the claim that Iteris can reach $11 in the near future.
What are Iteris's analysts' financial forecasts?
Iteris's analysts financial forecasts for the fiscal year (Mar 2025) are as follows: average revenue is $188.36M (high $192.37M, low $186.17M), average EBITDA is $-2.905M (high $-2.871M, low $-2.966M), average net income is $8.35M (high $8.7M, low $7.95M), average SG&A $61.28M (high $62.59M, low $60.57M), and average EPS is $0.19 (high $0.198, low $0.181). ITI's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $215.1M (high $219.68M, low $212.6M), average EBITDA is $-3.317M (high $-3.278M, low $-3.388M), average net income is $11.87M (high $12.2M, low $11.69M), average SG&A $69.99M (high $71.48M, low $69.17M), and average EPS is $0.27 (high $0.277, low $0.266).
Did the ITI's actual financial results beat the analysts' financial forecasts?
Based on Iteris's last annual report (Mar 2023), the company's revenue was $156.05M, beating the average analysts forecast of $148.5M by 5.08%. Apple's EBITDA was $-10.481M, missing the average prediction of $-11.201M by -6.43%. The company's net income was $-14.855M, missing the average estimation of $-20.129M by -26.20%. Apple's SG&A was $44.88M, beating the average forecast of $41.13M by 9.12%. Lastly, the company's EPS was $-0.35, beating the average prediction of $-0.0983 by 255.93%. In terms of the last quarterly report (Dec 2023), Iteris's revenue was $42.13M, beating the average analysts' forecast of $41.74M by 0.94%. The company's EBITDA was $394K, missing the average prediction of $-644K by -161.22%. Iteris's net income was $793K, beating the average estimation of $329.78K by 140.47%. The company's SG&A was $11.65M, missing the average forecast of $13.58M by -14.23%. Lastly, the company's EPS was $0.0185, beating the average prediction of $0.0075 by 146.67%