
Itron (ITRI) Stock Forecast & Price Target
Itron (ITRI) Analyst Ratings
Bulls say
Itron Inc. has demonstrated strong financial performance, with Networks revenues increasing by 6% year-over-year driven by heightened utility project deployments, and significant free cash flow generation, which surged 78% year-over-year to approximately $70 million. The company's Outcomes segment has shown remarkable resilience and growth, achieving a 25% year-over-year revenue increase, contributing significantly to overall revenue gains and maintaining double-digit growth across all quarters in the fiscal year 2024. Coupled with improved margins, highlighted by a gross margin increase to 34.9%, and a robust backlog supported by substantial contract awards, Itron's prospects appear favorable within the context of growing investments in grid resilience.
Bears say
Itron Inc's financial outlook appears troubling due to a modest growth forecast for 2025, which has been impacted by artificially inflated revenue expectations for 2024, leading to a reduced compound annual growth rate (CAGR) of 3.8%. Furthermore, the company's Device Solutions segment has experienced a significant contraction in sales, specifically a decline of approximately 4.4% attributed to weaker demand for legacy electric meter products. Lastly, potential delays or supply shortages pose risks to Itron's reputation, which may lead to decreased sales and a lower margin profile, further exacerbating the challenges faced by the company.
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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