
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron Inc has demonstrated a robust financial performance with Networks revenues increasing by 6% year-over-year, attributed to a surge in new utility project deployments, and impressive backlog growth from resolving previously stalled contract awards. Additionally, free cash flow generation rose dramatically by 78% year-over-year to approximately $70 million, with forecasts indicating an upward trend in free cash flow as a percentage of revenue in upcoming periods. The Outcomes segment has shown remarkable growth, achieving a 25% year-over-year revenue increase to about $91 million and consistently maintaining double-digit growth throughout the fiscal year, thus contributing significantly to Itron's overall revenue expansion.
Bears say
Itron Inc.'s financial outlook is characterized by a modest growth forecast, with a 3.8% revenue compound annual growth rate (CAGR) hindered by the shifting of revenue from 2023 to 2024, causing artificially inflated comparisons that depress future growth metrics from 2024 to 2026. The company's Device Solutions segment experienced a contraction of approximately 4.4% in sales, driven mainly by diminishing demand for outdated electric meter products, which raises concerns about its ability to sustain revenue growth. Additionally, any potential delays or supply shortages could adversely affect Itron's reputation, leading to decreased sales and a weaker margin profile.
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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