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Itron (ITRI) Stock Forecast & Price Target

$106.56
+1.38 (+1.31%)
(As of 02:40 PM ET)

Itron - 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 13 Wall Street analysts who have issued ratings for Itron in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 4 have given a hold rating, and 9 have given a buy rating for ITRI.

Consensus Price Target

$111.82
4.93% Upside
High Forecast$130.00
Average Forecast$111.82
Low Forecast$82.00

According to the 13 analysts' twelve-month price targets for Itron, the average price target is $111.82. The highest price target for ITRI is $130.00, while the lowest price target for ITRI is $82.00. The average price target represents a forecasted upside of 4.93% from the current price of $106.56.

TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
3 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$111.82$104.18$95.60$61.33
Forecasted Upside4.93% Upside9.57% Upside15.97% Upside8.57% Upside
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ITRI 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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ITRI 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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Itron Stock vs. The Competition

TypeItronComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.69
2.61
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside3.75% Upside102.19% Upside8.11% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$104.00 ➝ $112.00+5.64%
7/16/2024Roth Mkm
1 of 5 stars
 Boost TargetBuy ➝ Buy$112.00 ➝ $122.00+13.66%
7/11/2024Guggenheim
3 of 5 stars
J. Osha
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UpgradeNeutral ➝ Buy$130.00+30.00%
6/20/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$115.00 ➝ $120.00+21.11%
5/21/2024Piper Sandler
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 DowngradeOverweight ➝ Neutral$109.00 ➝ $109.00-0.58%
5/6/2024Stephens
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 Boost TargetEqual Weight ➝ Equal Weight$85.00 ➝ $110.00+2.73%
5/3/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$100.00 ➝ $110.00+7.55%
5/3/2024TD Cowen
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 Boost TargetBuy ➝ Buy$110.00 ➝ $115.00+15.21%
3/13/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$108.00 ➝ $115.00+31.59%
1/4/2024Raymond James
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 DowngradeOutperform ➝ Market Perform
9/22/2023Seaport Res Ptn
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S. Graham
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Reiterated RatingBuy
8/18/2023Argus
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 UpgradeHold ➝ Buy$82.00+23.57%
2/28/2023EF Hutton Acquisition Co. I
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 Reiterated RatingBuy$60.00+15.96%
2/2/2023Cowen
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 Boost TargetOutperform$55.00 ➝ $72.00+22.53%
11/4/2022Morgan Stanley
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 Lower TargetEqual Weight$55.00 ➝ $50.00+10.20%
8/9/2022Cowen
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 Lower Target$68.00+35.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:03 PM ET.

ITRI Forecast - Frequently Asked Questions

What is Itron's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Itron is $111.82, with a high forecast of $130.00 and a low forecast of $82.00.

Should I buy or sell Itron stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Itron in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ITRI shares.

Does Itron's stock price have much upside?

According to analysts, Itron's stock has a predicted upside of 14.26% based on their 12-month stock forecasts.

Has Itron been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Itron's stock had 1 upgrade and 1 downgrade by analysts.

What analysts cover Itron?

Itron has been rated by research analysts at Canaccord Genuity Group, Guggenheim, JPMorgan Chase & Co., Oppenheimer, Piper Sandler, Roth Mkm, Stephens, and TD Cowen in the past 90 days.

Do Wall Street analysts like Itron more than its competitors?

Analysts like Itron more than other "computer and technology" companies. The consensus rating score for Itron is 2.69 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how ITRI compares to other companies.


This page (NASDAQ:ITRI) was last updated on 7/16/2024 by MarketBeat.com Staff

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