Itron (NASDAQ:ITRI) Price Target Cut to $130.00 by Analysts at TD Cowen

Key Points

• TD Cowen cut its price target on Itron from $145 to $130 but maintained a "buy" rating, implying roughly a 53% upside from the current share price.
• Itron beat Q1 estimates with $1.49 EPS (consensus $1.26) and $586.98M revenue, but set Q2 guidance of $1.25–$1.35 EPS and $560–$570M revenue, well below analyst expectations and pressuring the stock.
• Shares traded down to $84.87 after the update; analysts' consensus is a "Moderate Buy" with an average target of about $130.20, while insiders sold shares and institutional ownership remains high.

Itron (NASDAQ:ITRI - Get Free Report) had its price target cut by TD Cowen from $145.00 to $130.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a "buy" rating on the scientific and technical instruments company's stock. TD Cowen's target price would indicate a potential upside of 53.17% from the stock's current price.

A number of other equities research analysts have also recently weighed in on ITRI. Weiss Ratings cut Itron from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, January 12th. JPMorgan Chase & Co. dropped their price target on Itron from $133.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, April 16th. Raymond James Financial began coverage on Itron in a research note on Tuesday, April 21st. They issued an "underperform" rating for the company. Robert W. Baird set a $128.00 price objective on shares of Itron and gave the company an "outperform" rating in a report on Wednesday, February 18th. Finally, Needham & Company LLC initiated coverage on shares of Itron in a report on Friday, March 6th. They set a "buy" rating and a $124.00 target price for the company. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.20.

Itron Stock Down 2.4%

NASDAQ ITRI traded down $2.13 on Wednesday, reaching $84.87. 68,628 shares of the stock traded hands, compared to its average volume of 962,553. Itron has a 12 month low of $78.53 and a 12 month high of $142.00. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.77 and a beta of 1.50. The company has a fifty day moving average price of $92.76 and a 200-day moving average price of $99.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.56 and a current ratio of 1.80.

Itron (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.13 million. Itron had a return on equity of 20.04% and a net margin of 12.72%.The business's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, research analysts forecast that Itron will post 5.98 EPS for the current fiscal year.

Insider Activity at Itron

In other Itron news, CAO David Marshall Wright sold 264 shares of Itron stock in a transaction on Friday, February 20th. The shares were sold at an average price of $100.17, for a total value of $26,444.88. Following the completion of the transaction, the chief accounting officer owned 9,124 shares of the company's stock, valued at approximately $913,951.08. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donald L. Reeves III sold 519 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $97.84, for a total transaction of $50,778.96. Following the sale, the senior vice president directly owned 29,951 shares in the company, valued at approximately $2,930,405.84. The trade was a 1.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,180 shares of company stock valued at $5,085,475 in the last quarter. 1.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Itron

A number of hedge funds have recently bought and sold shares of ITRI. Swedbank AB grew its holdings in Itron by 88.7% in the first quarter. Swedbank AB now owns 89,800 shares of the scientific and technical instruments company's stock valued at $8,049,000 after purchasing an additional 42,200 shares during the period. PFG Investments LLC lifted its position in shares of Itron by 55.4% during the 1st quarter. PFG Investments LLC now owns 3,667 shares of the scientific and technical instruments company's stock valued at $329,000 after buying an additional 1,308 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in Itron in the 1st quarter valued at $136,000. Peregrine Capital Management LLC grew its stake in Itron by 5.1% in the 1st quarter. Peregrine Capital Management LLC now owns 108,732 shares of the scientific and technical instruments company's stock valued at $9,746,000 after acquiring an additional 5,258 shares during the period. Finally, Impact Partnership Wealth LLC increased its holdings in Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company's stock worth $239,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q1 beat on EPS and revenue — Itron reported $1.49 EPS vs. $1.26 consensus and $586.98M in revenue (above estimates); net margin and ROE were healthy, which supports near-term profitability. Itron (ITRI) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Margin strength highlighted on the earnings call — management emphasized cost control and margin resilience, which helped offset slower revenue and supported the stock's intraday recovery. Itron Earnings Call: Margin Strength Amid Slower Revenue
• Neutral Sentiment: Company disclosed a cyber‑attack but said operations were unaffected — a potential reputational/operational risk to monitor, but no immediate business disruption was reported. Utilities Tech Supplier Itron Discloses Cyber-Attack, Operations Unaffected
• Neutral Sentiment: Full earnings materials and call transcript are available for investors evaluating guidance drivers and segment trends. Itron, Inc. 2026 Q1 - Results - Earnings Call Presentation
• Negative Sentiment: Q2 guidance missed expectations — Itron set Q2 EPS of $1.25–$1.35 (consensus ~$1.45) and revenue $560–$570M (consensus ~$606M), a significant shortfall that pressured the stock. Itron slides after Q2 outlook falls short of expectations
• Negative Sentiment: Underlying top‑line softness — revenue was down ~3.3% year‑over‑year in Q1 and EPS was slightly below last year's level, signaling growth pressures despite the beat. Itron Announces First Quarter 2026 Financial Results (press release / slide deck)

Itron Company Profile

Itron, Inc NASDAQ: ITRI is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company's offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron's product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.

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