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ITM Power (ITM) Stock Forecast & Price Target

GBX 52.50
-4.20 (-7.41%)
(As of 07/19/2024 ET)

ITM Power - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 2 Wall Street analysts who have issued ratings for ITM Power in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for ITM.

Consensus Price Target

GBX 90
High ForecastGBX 90
Average ForecastGBX 90
Low ForecastGBX 90

According to the 2 analysts' twelve-month price targets for ITM Power, the average price target is GBX 90. The highest price target for ITM is GBX 90, while the lowest price target for ITM is GBX 90. The average price target represents a forecasted upside of 71.43% from the current price of GBX 52.50.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetGBX 90N/AN/AGBX 290
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ITM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ITM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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ITM Power Stock vs. The Competition

TypeITM PowerIndustrials Companies
Consensus Rating Score
2.50
2.60
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024JPMorgan Chase & Co.
3 of 5 stars
 DowngradeNeutralGBX 130 ➝ GBX 90+60.28%
2/26/2024Jefferies Financial Group
2 of 5 stars
 UpgradeBuy
3/14/2023Peel Hunt
3 of 5 stars
 Reiterated RatingBuyGBX 200+130.68%
2/1/2023Berenberg Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingSellGBX 100-16.04%
2/1/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOutperformGBX 260+152.79%
9/15/2022Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweightGBX 600+424.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:50 PM ET.

ITM Forecast - Frequently Asked Questions

What is ITM Power's forecast for 2024?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for ITM Power is GBX 90, with a high forecast of GBX 90 and a low forecast of GBX 90.

Should I buy or sell ITM Power stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ITM Power in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ITM shares.

Does ITM Power's stock price have much upside?

According to analysts, ITM Power's stock has a predicted upside of 60.28% based on their 12-month stock forecasts.

Has ITM Power been downgraded by Wall Street analysts recently?

Over the previous 90 days, ITM Power's stock had 1 downgrade by analysts.

What analysts cover ITM Power?

ITM Power has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.

Do Wall Street analysts like ITM Power more than its competitors?

Analysts like ITM Power less than other "industrials" companies. The consensus rating score for ITM Power is 2.50 while the average consensus rating score for "industrials" companies is 2.60. Learn more on how ITM compares to other companies.


This page (LON:ITM) was last updated on 7/20/2024 by MarketBeat.com Staff

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