Itron (ITRI) Stock Forecast & Price Target

$103.56

+2.37 (+2.34%)

(As of 07/26/2024 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

Moderate Buy
Based on 13 Analyst Ratings

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

$112.09
8.24% Upside

High Forecast	$130.00
Average Forecast	$112.09
Low Forecast	$82.00

According to the 13 analysts' twelve-month price targets for Itron, the average price target is $112.09. 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 8.24% from the current price of $103.56.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	$112.09	$104.64	$97.60	$62.89
Forecasted Upside	8.24% Upside	10.92% Upside	14.80% Upside	9.15% 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.

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.

Itron Stock vs. The Competition

Type	Itron	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.69	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.24% Upside	554.05% Upside	9.09% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/22/2024	Piper Sandler 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$109.00 ➝ $110.00	+8.21%
7/17/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$110.00 ➝ $112.00	+4.72%
7/16/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$104.00 ➝ $112.00	+5.64%
7/16/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$112.00 ➝ $122.00	+13.66%
7/11/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Osha Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$130.00	+30.00%
6/20/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $120.00	+21.11%
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5/6/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $110.00	+2.73%
5/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $115.00	+15.21%
3/13/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$108.00 ➝ $115.00	+31.59%
1/4/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
9/22/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Graham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
8/18/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$82.00	+23.57%
2/28/2023	EF Hutton Acquisition Co. I Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$60.00	+15.96%
2/2/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$55.00 ➝ $72.00	+22.53%
11/4/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	$55.00 ➝ $50.00	+10.20%
8/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		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 Saturday at 05:52 AM 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 $112.09, 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 analysts have issued "buy," "hold," and "sell" ratings for Itron in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 14.90% 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.