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Itron (ITRI) Stock Forecast, Price Target & Predictions

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ITRI Stock Forecast

Itron stock forecast is as follows: an average price target of $120.00 (represents a 11.12% upside from ITRI’s last price of $107.99) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

ITRI Price Target

The average price target for Itron (ITRI) is $120.00 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $120.00 to $120.00. This represents a potential 11.12% upside from ITRI's last price of $107.99.

ITRI Analyst Ratings

Buy

According to 17 Wall Street analysts, Itron's rating consensus is 'Buy'. The analyst rating breakdown for ITRI stock is 1 'Strong Buy' (5.88%), 13 'Buy' (76.47%), 3 'Hold' (17.65%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Itron Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 18, 2024Austin MoellerCanaccord Genuity$120.00$102.8616.66%11.12%
May 06, 2024Tommy MollStephens$110.00$107.012.79%1.86%
May 03, 2024Kashy HarrisonPiper Sandler$109.00$102.616.22%0.94%
Apr 23, 2024Chip MooreRoth Capital$102.00$91.4611.52%-5.55%
Apr 11, 2024Kashy HarrisonPiper Sandler$103.00$90.4913.82%-4.62%
Mar 13, 2024Ben KalloRobert W. Baird$115.00$89.1828.95%6.49%
Jan 19, 2024Noah KayeOppenheimer$81.00$70.9614.15%-24.99%
Feb 02, 2023Cowen & Co.$72.00$60.1619.68%-33.33%
Aug 05, 2022Stephens$55.00$50.668.57%-49.07%
Jul 20, 2022J.P. Morgan$73.00$51.7541.06%-32.40%
Jul 19, 2022Piper Sandler$50.00$47.934.32%-53.70%
Jul 12, 2022Raymond James$68.00$46.7345.53%-37.03%
Jun 09, 2022Morgan Stanley$55.00$50.169.65%-49.07%
May 03, 2022EF Hutton$84.00$49.5069.70%-22.22%
Nov 08, 2021Pearce HammondPiper Sandler$84.00$75.3911.42%-22.22%
Aug 06, 2021Jonathan DorsheimerCanaccord Genuity$87.00$77.1112.83%-19.44%

The latest Itron stock forecast, released on Jun 18, 2024 by Austin Moeller from Canaccord Genuity, set a price target of $120.00, which represents a 16.66% increase from the stock price at the time of the forecast ($102.86), and a 11.12% increase from ITRI last price ($107.99).

Itron Price Target by Period

1M3M12M
# Anlaysts--7
Avg Price Target--$105.71
Last Closing Price$107.99$107.99$107.99
Upside/Downside-100.00%-100.00%-2.11%

In the current month, the average price target of Itron stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Itron's last price of $107.99. 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

DateCompanyPrevious RatingNew RatingRating Change
Sep 27, 2024StephensBuyBuyHold
Sep 27, 2024Janney MontgomeryBuyInitialise
Sep 05, 2024Exane BNP ParibasOutperformInitialise
Aug 02, 2024StephensBuyBuyHold
Aug 02, 2024Seaport GlobalBuyBuyHold
Aug 02, 2024Cowen & Co.BuyBuyHold
Jul 11, 2024StephensBuyBuyHold
Jul 11, 2024GuggenheimNeutralBuyUpgrade
Jun 20, 2024StephensBuyBuyHold
Jun 18, 2024Canaccord GenuityBuyBuyHold
May 21, 2024StephensBuyBuyHold
May 21, 2024Piper SandlerOverweightNeutralDowngrade
May 06, 2024StephensEqual-WeightEqual-WeightHold
May 03, 2024Sandler O'NeillBuyBuyHold
May 03, 2024Sandler O'NeilUnderperformUnderperformHold
May 03, 2024Seaport GlobalBuyBuyHold
May 03, 2024Piper SandlerOverweightOverweightHold
May 03, 2024OppenheimerOutperformOutperformHold
May 03, 2024Cowen & Co.BuyBuyHold
Feb 27, 2024Canaccord GenuityBuyUpgrade
Jan 19, 2024OppenheimerOutperformUpgrade
Dec 19, 2023Piper SandlerNeutralOverweightUpgrade
Sep 11, 2023CitigroupNeutralInitialise
Sep 11, 2023SusquehannaPositiveInitialise
Sep 11, 2023GuggenheimNeutralInitialise
Sep 11, 2023Maxim GroupBuyInitialise
Sep 11, 2023JefferiesBuyInitialise
Sep 11, 2023Craig-HallumBuyInitialise
Feb 02, 2023Cowen & Co.OutperformOutperformHold
Aug 05, 2022StephensEqual-WeightDowngrade
Jul 19, 2022Piper SandlerNeutralNeutralHold
Jul 12, 2022Raymond JamesStrong BuyStrong BuyHold
Jun 09, 2022Morgan StanleyEqual-WeightEqual-WeightHold

Itron's last stock rating was published by Stephens on Sep 27, 2024. The company gave ITRI a "Buy" rating, the same as its previous rate.

Itron Financial Forecast

Itron Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$577.17M$560.77M$541.07M$494.62M$467.49M$420.86M$431.88M$475.33M$485.64M$486.95M$489.41M$519.57M$525.16M$540.18M
Avg Forecast$697.49M$705.60M$687.86M$653.39M$671.08M$665.86M$634.69M$594.60M$659.94M$625.31M$601.46M$583.09M$604.29M$596.41M$599.25M$579.49M$570.24M$540.25M$515.86M$464.22M$433.64M$461.34M$488.52M$488.49M$508.55M$527.45M$535.91M$535.81M$569.76M$539.39M
High Forecast$732.27M$740.78M$722.15M$685.97M$704.54M$699.06M$666.34M$624.24M$692.85M$656.49M$631.44M$617.18M$607.43M$596.69M$599.25M$579.49M$573.87M$540.25M$541.58M$487.36M$455.26M$461.34M$488.52M$488.49M$508.55M$527.45M$535.91M$535.81M$569.76M$539.39M
Low Forecast$632.36M$639.71M$623.63M$592.38M$608.42M$603.68M$575.43M$539.07M$598.32M$566.92M$545.29M$505.08M$600.67M$596.13M$599.25M$579.49M$566.89M$540.25M$467.69M$420.87M$393.14M$461.34M$488.52M$488.49M$508.55M$527.45M$535.91M$535.81M$569.76M$539.39M
# Analysts5454545443481097494643743474499
Surprise %----------------1.01%1.04%1.05%1.07%1.08%0.91%0.88%0.97%0.95%0.92%0.91%0.97%0.92%1.00%

Itron's average Quarter revenue forecast for Mar 24 based on 4 analysts is $579.49M, with a low forecast of $579.49M, and a high forecast of $579.49M. ITRI's average Quarter revenue forecast represents a 0.40% increase compared to the company's last Quarter revenue of $577.17M (Dec 23).

Itron EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts5454545443481097494643743474499
EBITDA----------------$49.27M$54.89M$35.10M$41.04M$16.64M$23.48M$17.07M$19.04M$-88.53M$23.23M$1.77M$49.55M$56.61M$-2.46M
Avg Forecast$38.10M$38.54M$37.57M$35.69M$36.66M$36.37M$34.67M$32.48M$36.05M$34.16M$32.85M$31.85M$33.01M$32.58M$32.73M$17.54M$31.15M$29.51M$28.18M$15.95M$-170.67M$35.96M$38.08M$14.50M$39.64M$41.12M$41.78M$37.75M$44.41M$42.05M
High Forecast$40.00M$40.47M$39.45M$37.47M$38.49M$38.19M$36.40M$34.10M$37.85M$35.86M$34.49M$33.71M$33.18M$32.59M$32.73M$21.05M$31.35M$29.51M$29.58M$19.14M$-136.54M$35.96M$38.08M$17.40M$39.64M$41.12M$41.78M$45.30M$44.41M$42.05M
Low Forecast$34.54M$34.94M$34.07M$32.36M$33.24M$32.98M$31.43M$29.45M$32.68M$30.97M$29.79M$27.59M$32.81M$32.56M$32.73M$14.03M$30.97M$29.51M$25.55M$12.76M$-204.80M$35.96M$38.08M$11.60M$39.64M$41.12M$41.78M$30.20M$44.41M$42.05M
Surprise %----------------1.58%1.86%1.25%2.57%-0.10%0.65%0.45%1.31%-2.23%0.56%0.04%1.31%1.27%-0.06%

4 analysts predict ITRI's average Quarter EBITDA for Mar 24 to be $17.54M, with a high of $21.05M and a low of $14.03M. This is -64.40% lower than Itron's previous annual EBITDA (Dec 23) of $49.27M.

Itron Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts5454545443481097494643743474499
Net Income----------------$44.39M$40.17M$24.20M$-12.04M$22.21M$4.12M$-36.87M$906.00K$-58.42M$-1.87M$-33.12M$12.60M$21.52M$-25.36M
Avg Forecast$78.82M$81.05M$76.94M$67.70M$70.26M$70.74M$63.84M$54.83M$63.11M$60.31M$53.98M$49.37M$48.05M$51.32M$43.15M$685.16K$34.58M$23.36M$14.00M$622.88K$-113.49M$10.77M$9.73M$566.25K$9.37M$8.37M$22.22M$9.60M$15.65M$11.57M
High Forecast$83.92M$86.30M$81.92M$72.08M$74.82M$75.33M$67.98M$58.38M$67.20M$64.22M$57.48M$53.06M$50.34M$51.89M$43.15M$822.19K$36.89M$23.58M$14.91M$747.45K$-90.79M$10.77M$9.73M$679.50K$9.37M$8.37M$22.22M$11.52M$15.65M$11.57M
Low Forecast$69.25M$71.21M$67.60M$59.48M$61.73M$62.16M$56.09M$48.17M$55.45M$52.99M$47.43M$42.45M$46.68M$50.76M$43.14M$548.13K$32.28M$23.14M$12.30M$498.30K$-136.18M$10.77M$9.73M$453.00K$9.37M$8.37M$22.22M$7.68M$15.65M$11.57M
Surprise %----------------1.28%1.72%1.73%-19.32%-0.20%0.38%-3.79%1.60%-6.24%-0.22%-1.49%1.31%1.37%-2.19%

Itron's average Quarter net income forecast for Mar 24 is $685.16K, with a range of $548.13K to $822.19K. ITRI's average Quarter net income forecast represents a -98.46% decrease compared to the company's last Quarter net income of $44.39M (Dec 23).

Itron SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts5454545443481097494643743474499
SG&A----------------$81.60M$76.58M$79.08M$75.52M$77.73M$63.45M$72.88M$76.40M$78.55M$71.84M$74.14M$75.99M$61.90M$64.98M
Avg Forecast$100.91M$102.08M$99.51M$94.53M$97.08M$96.33M$91.82M$86.02M$95.47M$90.46M$87.01M$84.35M$87.42M$86.28M$86.69M$57.78M$82.50M$78.16M$74.63M$52.53M$151.43M$66.74M$70.67M$47.75M$73.57M$76.31M$77.53M$57.90M$82.43M$78.03M
High Forecast$105.94M$107.17M$104.47M$99.24M$101.93M$101.13M$96.40M$90.31M$100.23M$94.97M$91.35M$89.29M$87.88M$86.32M$86.69M$69.33M$83.02M$78.16M$78.35M$63.03M$181.71M$66.74M$70.67M$57.30M$73.57M$76.31M$77.53M$69.48M$82.43M$78.03M
Low Forecast$91.48M$92.55M$90.22M$85.70M$88.02M$87.33M$83.25M$77.99M$86.56M$82.02M$78.89M$73.07M$86.90M$86.24M$86.69M$46.22M$82.01M$78.16M$67.66M$42.02M$121.14M$66.74M$70.67M$38.20M$73.57M$76.31M$77.53M$46.32M$82.43M$78.03M
Surprise %----------------0.99%0.98%1.06%1.44%0.51%0.95%1.03%1.60%1.07%0.94%0.96%1.31%0.75%0.83%

Itron's average Quarter SG&A projection for Mar 24 is $57.78M, based on 4 Wall Street analysts, with a range of $46.22M to $69.33M. The forecast indicates a -29.20% fall compared to ITRI last annual SG&A of $81.60M (Dec 23).

Itron EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts5454545443481097494643743474499
EPS----------------$0.96$0.88$0.53$-0.27$0.49$0.09$-0.82$0.02$-1.29$-0.04$-0.73$0.30$0.53$-0.63
Avg Forecast$1.72$1.77$1.68$1.48$1.53$1.54$1.39$1.20$1.38$1.32$1.18$1.08$1.05$1.12$0.94$0.84$0.75$0.51$0.31$0.11$0.09$0.23$0.21$0.08$0.20$0.18$0.48$0.42$0.34$0.25
High Forecast$1.83$1.88$1.79$1.57$1.63$1.64$1.48$1.27$1.47$1.40$1.25$1.16$1.10$1.13$0.94$0.84$0.80$0.51$0.33$0.11$0.09$0.23$0.21$0.08$0.20$0.18$0.48$0.42$0.34$0.25
Low Forecast$1.51$1.55$1.47$1.30$1.35$1.36$1.22$1.05$1.21$1.16$1.03$0.93$1.02$1.11$0.94$0.84$0.70$0.50$0.27$0.09$0.08$0.23$0.21$0.08$0.20$0.18$0.48$0.42$0.34$0.25
Surprise %----------------1.27%1.73%1.73%-2.54%5.68%0.39%-3.92%0.25%-6.41%-0.22%-1.53%0.72%1.58%-2.53%

According to 4 Wall Street analysts, Itron's projected average Quarter EPS for Mar 24 is $0.84, with a low estimate of $0.84 and a high estimate of $0.84. This represents a -12.65% decrease compared to ITRI previous annual EPS of $0.96 (Dec 23).

Itron Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
STSensata Technologies$29.48$39.6734.57%Buy
MKSIMKS Instruments$109.90$128.8017.20%Buy
FTVFortive$75.73$87.0014.88%Buy
VPGVishay Precision Group$23.82$27.0013.35%
TDYTeledyne$470.66$519.0010.27%Buy
ITRIItron$111.58$120.007.55%Buy
NOVTNovanta$165.65$175.005.64%Buy
ESEESCO$137.83$145.005.20%Buy
COHRCoherent$103.29$106.292.90%Buy
MLABMesa Laboratories$132.33$120.00-9.32%Buy
VNTVontier$38.18$32.67-14.43%Buy

ITRI Forecast FAQ

Is Itron a good buy?

Yes, according to 17 Wall Street analysts, Itron (ITRI) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 13 'Buy' recommendations, accounting for 82.35% of ITRI's total ratings.

What is ITRI's price target?

Itron (ITRI) average price target is $120 with a range of $120 to $120, implying a 11.12% from its last price of $107.99. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Itron stock go up soon?

According to Wall Street analysts' prediction for ITRI stock, the company can go up by 11.12% (from the last price of $107.99 to the average price target of $120), up by 11.12% based on the highest stock price target, and up by 11.12% based on the lowest stock price target.

Can Itron stock reach $200?

ITRI's average twelve months analyst stock price target of $120 does not support the claim that Itron can reach $200 in the near future.

What are Itron's analysts' financial forecasts?

Itron's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.57B (high $2.69B, low $2.33B), average EBITDA is $140.18M (high $147.17M, low $127.09M), average net income is $259.68M (high $276.51M, low $228.15M), average SG&A $371.25M (high $389.76M, low $336.59M), and average EPS is $5.66 (high $6.03, low $4.98). ITRI's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.74B (high $2.88B, low $2.49B), average EBITDA is $149.91M (high $157.39M, low $135.91M), average net income is $304.49M (high $324.23M, low $267.53M), average SG&A $397.02M (high $416.82M, low $359.95M), and average EPS is $6.64 (high $7.07, low $5.84).

Did the ITRI's actual financial results beat the analysts' financial forecasts?

Based on Itron's last annual report (Dec 2023), the company's revenue was $2.17B, beating the average analysts forecast of $2.09B by 3.97%. Apple's EBITDA was $128.87M, beating the average prediction of $104.79M by 22.98%. The company's net income was $96.92M, beating the average estimation of $72.57M by 33.55%. Apple's SG&A was $312.78M, beating the average forecast of $287.81M by 8.68%. Lastly, the company's EPS was $2.11, beating the average prediction of $1.68 by 25.90%. In terms of the last quarterly report (Dec 2023), Itron's revenue was $577.17M, beating the average analysts' forecast of $570.24M by 1.22%. The company's EBITDA was $49.27M, beating the average prediction of $31.15M by 58.17%. Itron's net income was $44.39M, beating the average estimation of $34.58M by 28.34%. The company's SG&A was $81.6M, missing the average forecast of $82.5M by -1.08%. Lastly, the company's EPS was $0.96, beating the average prediction of $0.754 by 27.24%