
Iteris (ITI) Stock Forecast & Price Target
Iteris (ITI) Analyst Ratings
Bulls say
Iteris Inc. is experiencing significant growth, with organic revenues expanding at 1.5 times the industry growth rate, indicating a robust market position within smart mobility infrastructure solutions. The company's total backlog has increased by 1% to $113.3 million, and product revenue has risen by 1.2% alongside notable year-to-date growth of 16.9%, reflecting successful supply chain improvements and enhanced market share. Moreover, with recurring revenues expected to accelerate, particularly in software and managed services, Iteris is well-positioned for continued financial momentum moving forward.
Bears say
Iteris Inc. is facing significant challenges reflected in its recent financial performance, including a disappointing Book/Bill ratio of 0.75x compared to the projected 1.15x, indicating weaker-than-expected order bookings. Additionally, the company's reliance on subcontractors over the past year has negatively impacted gross margins, with potential further pressure from competitive dynamics and economic downturns affecting sales. The lack of cash flow, termination of its revolving credit facility, and the possibility of stock dilution due to outstanding stock options further exacerbate the negative outlook on Iteris's financial stability.
This aggregate rating is based on analysts' research of Iteris and is not a guaranteed prediction by Public.com or investment advice.
Iteris (ITI) Analyst Forecast & Price Prediction
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