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ITM Power (ITMPF) Stock Forecast & Price Target

$0.80
0.00 (0.00%)
(As of 07/16/2024 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 "Reduce." Out of the 2 analysts, 1 has given a sell rating, and 1 has given a hold rating for ITMPF.

Consensus Price Target

N/A

According to the 2 analysts' twelve-month price targets for ITM Power,

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Reduce
Strong Sell
Strong Sell
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetN/AN/AN/AN/A
Forecasted UpsideN/AN/AN/AN/A
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ITMPF 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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ITMPF 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 PowerOils/Energy CompaniesS&P 500
Consensus Rating Score
1.50
2.56
2.50
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside306.68% Upside7.63% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/23/2024UBS Group
3 of 5 stars
C. Leonard
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UpgradeHold
10/12/2023Barclays
2 of 5 stars
 DowngradeOverweight ➝ Underweight
8/22/2023Berenberg Bank
2 of 5 stars
 Lower TargetGBX 95 ➝ GBX 90
8/18/2023Royal Bank of Canada
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 Lower TargetGBX 260 ➝ GBX 250
7/13/2023JPMorgan Chase & Co.
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 Lower TargetGBX 210 ➝ GBX 180
11/22/2022Societe Generale
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 Initiated CoverageBuy
11/15/2022Jefferies Financial Group
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 DowngradeBuy ➝ Hold
11/8/2022Citigroup
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 DowngradeBuy ➝ Neutral
11/2/2022Sanford C. Bernstein
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 DowngradeOutperform ➝ Market Perform
10/28/2022HSBC
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 DowngradeBuy ➝ Hold
8/17/2022The Goldman Sachs Group
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 DowngradeNeutral ➝ Sell

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:05 AM ET.

ITMPF 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 $0.00, with a high forecast of $0.00 and a low forecast of $10,000,000.00.

Should I buy or sell ITM Power stock right now?

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

Has ITM Power been upgraded by Wall Street analysts recently?

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

What analysts cover ITM Power?

ITM Power has been rated by research analysts at UBS Group in the past 90 days.

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

Analysts like ITM Power less than other "oils/energy" companies. The consensus rating for ITM Power is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ITMPF compares to other companies.


This page (OTCMKTS:ITMPF) was last updated on 7/17/2024 by MarketBeat.com Staff

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