Iteris (ITI) Stock Forecast, Price Target & Predictions

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ITI Stock Forecast

Iteris stock forecast is as follows: an average price target of $8.33 (represents a 15.86% upside from ITI’s last price of $7.19) 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 15.86% upside from ITI's last price of $7.19.

ITI Analyst Ratings

Buy

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%	11.27%
Apr 30, 2024	Allen Klee	Maxim Group	$11.00	$4.48	145.54%	52.99%
Feb 06, 2023		EF Hutton	$6.00	$4.47	34.23%	-16.55%
Nov 22, 2022		EF Hutton	$5.50	$3.15	74.60%	-23.50%

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 11.27% increase from ITI last price ($7.19).

Iteris Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$9.50
Last Closing Price	$7.19	$7.19	$7.19
Upside/Downside	-100.00%	-100.00%	32.13%

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 $7.19. 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	$49.08M	$48.18M	$46.74M	$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	$57.30M	$54.00M	$52.00M	$51.80M	$49.08M	$48.18M	$46.74M	$44.21M	$42.54M	$41.80M	$42.20M	$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	$24.46M
Low Forecast	$57.30M	$54.00M	$52.00M	$51.80M	$49.08M	$48.18M	$46.74M	$44.19M	$42.54M	$41.67M	$41.01M	$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	$16.31M
# Analysts	1	1	1	1	1	1	1	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 $42.54M, and a high forecast of $42.54M. 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	1	1	1	1	1	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	$-756.78K	$-742.92K	$-720.73K	$-681.56K	$1.53M	$-643.62K	$-640.22K	$-591.06K	$1.39M	$-8.25M	$-555.90K	$-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	$-883.61K	$-832.72K	$-801.88K	$-798.79K	$-756.78K	$-742.92K	$-720.73K	$-681.44K	$1.83M	$-642.53K	$-632.36K	$-591.06K	$1.67M	$-6.60M	$-555.90K	$-1.92M	$-537.97K	$-500.43K	$-532.64K	$2.79M	$-485.88K	$-448.71K	$-442.71K	$-433.03K	$-468.29K	$-430.70K	$-437.31K	$-882.40K	$-375.62K	$-604.80K
Low Forecast	$-883.61K	$-832.72K	$-801.88K	$-798.79K	$-756.78K	$-742.92K	$-720.73K	$-681.68K	$1.22M	$-644.55K	$-650.71K	$-591.06K	$1.11M	$-9.90M	$-555.90K	$-2.88M	$-537.97K	$-500.43K	$-532.64K	$1.86M	$-485.88K	$-448.71K	$-442.71K	$-433.03K	$-468.29K	$-430.70K	$-437.31K	$-1.32M	$-375.62K	$-907.20K
Surprise %	-	-	-	-	-	-	-	-	-	-0.61%	-0.73%	-3.30%	0.14%	0.15%	10.74%	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	1	1	1	1	1	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	$3.08M	$3.08M	$439.70K	$1.03M	$128.36K	$329.77K	$769.48K	$-329.77K	$116.69K	$-19.25M	$-1.47M	$-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	$3.96M	$3.08M	$2.64M	$2.20M	$3.08M	$3.08M	$439.70K	$1.03M	$154.03K	$329.77K	$769.48K	$-329.77K	$140.03K	$-15.40M	$-1.47M	$-2.53M	$146.55K	$293.15K	$439.70K	$989.82K	$87.94K	$439.70K	$703.52K	$115.48M	$-615.58K	$-1.49M	$-1.14M	$-1.26M	$-2.73M	$-947.40K
Low Forecast	$3.96M	$3.08M	$2.64M	$2.20M	$3.08M	$3.08M	$439.70K	$1.02M	$102.69K	$329.77K	$384.74K	$-329.77K	$93.35K	$-23.09M	$-1.47M	$-3.80M	$146.55K	$293.15K	$439.70K	$659.88K	$87.94K	$439.70K	$703.52K	$76.99M	$-615.58K	$-1.49M	$-1.14M	$-1.89M	$-2.73M	$-1.42M
Surprise %	-	-	-	-	-	-	-	-	-	2.40%	0.72%	-6.44%	-4.66%	0.11%	5.05%	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	1	1	1	1	1	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	$15.97M	$15.67M	$15.21M	$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	$18.64M	$17.57M	$16.92M	$16.85M	$15.97M	$15.67M	$15.21M	$14.38M	$12.60M	$13.60M	$13.73M	$12.47M	$11.46M	$12.28M	$11.73M	$9.10M	$11.35M	$10.56M	$11.24M	$17.78M	$10.25M	$9.47M	$9.34M	$9.14M	$9.88M	$9.09M	$9.23M	$12.08M	$7.93M	$8.67M
Low Forecast	$18.64M	$17.57M	$16.92M	$16.85M	$15.97M	$15.67M	$15.21M	$14.38M	$8.40M	$13.56M	$13.34M	$12.47M	$7.64M	$12.28M	$11.73M	$6.07M	$11.35M	$10.56M	$11.24M	$11.86M	$10.25M	$9.47M	$9.34M	$9.14M	$9.88M	$9.09M	$9.23M	$8.05M	$7.93M	$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	1	1	1	1	1	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	$0.01	$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	$0.07	$0.07	$0.01	$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	$0.01	$0.02	$0.03	$0.01	$0.01	$-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	$-0.04
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	$0.48	$4.00	733.33%	Hold
KVHI	KVH Industries	$5.78	$13.00	124.91%	Buy
KN	Knowles	$19.74	$25.00	26.65%	Buy
ADTN	ADTRAN	$8.40	$10.00	19.05%	Buy
AVNW	Aviat Networks	$17.39	$20.50	17.88%	Buy
ITI	Iteris	$7.19	$8.33	15.86%	Buy
TSAT	Telesat	$18.16	$20.00	10.13%
CMTL	Comtech Telecommunications	$3.18	$3.50	10.06%	Hold
DGII	Digi	$33.11	$32.00	-3.35%	Buy
NTGR	NETGEAR	$25.68	$22.00	-14.33%	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 15.86% from its last price of $7.19. 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 15.86% (from the last price of $7.19 to the average price target of $8.33), up by 52.99% based on the highest stock price target, and down by -16.55% 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 $188.19M (high $188.2M, low $188.18M), average EBITDA is $-2.902M (high $-2.902M, low $-2.902M), average net income is $7.62M (high $7.63M, low $7.61M), average SG&A $61.23M (high $61.23M, low $61.23M), and average EPS is $0.173 (high $0.173, low $0.173). ITI's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $215.1M (high $215.1M, low $215.1M), average EBITDA is $-3.317M (high $-3.317M, low $-3.317M), average net income is $11.87M (high $11.87M, low $11.87M), average SG&A $69.99M (high $69.99M, low $69.99M), and average EPS is $0.27 (high $0.27, low $0.27).

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, beating the average prediction of $-9.816M by 6.78%. The company's net income was $-14.855M, missing the average estimation of $-23.763M by -37.49%. 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%