Update shared on 19 Nov 2025
Analysts have raised Itron's price target from $145 to $155, citing the company's strong position in utility IoT and long-term opportunity, even with recent order weakness and macro volatility.
Analyst Commentary
Recent analyst research highlights both optimism and caution regarding Itron's current performance and long-term prospects. While some see substantial upside driven by its market leadership and opportunities within utility IoT, others note ongoing headwinds that could impact near-term results.
Bullish Takeaways
- Bullish analysts believe Itron maintains a leading position as the top IoT provider for utilities, supporting its long-term growth trajectory.
- Increased price targets reflect confidence in Itron's exposure to US-based manufacturing and diversified end markets, positioning it favorably within the clean energy sector.
- Recent share price declines are viewed as presenting an attractive entry point. Analysts suggest current risks are already reflected in the stock's valuation.
- Continued upward bias in utilities' capital expenditures is seen as an ongoing catalyst for Itron's long-term opportunity and cash flow visibility.
Bearish Takeaways
- Bears note weak order activity in the recent quarter, suggesting ongoing near-term volatility in demand.
- Macroeconomic uncertainty is cited as a factor that could constrain short-term execution and order momentum.
- While optimistic about the future, some analysts are concerned that residential market exposures may be more mixed compared to utility-scale peers.
What's in the News
- Itron is partnering with Northumbrian Water Limited to modernize the utility's water distribution system. The plan includes deploying 330,000 Aquadis+ meters with Cyble 5 communication modules by 2029 to support leak reduction and sustainability goals in the U.K. water sector (Client Announcements).
- The company announced a new share repurchase program, authorizing up to $250 million in common stock buybacks over the next 18 months (Buyback Transaction Announcements).
- Itron launched its Gen6 network platform and updated UtilityIQ application suite, enhancing cellular and mesh connectivity, distributed intelligence, and vendor interoperability for utility customers (Product-Related Announcements).
- Itron is collaborating with Gordian Technologies to integrate artificial intelligence and machine learning capabilities into its Grid Edge Intelligence portfolio. This partnership aims to enable advanced utility data analytics and anomaly detection at the edge (Strategic Alliances).
- Itron supports Project Jupiter in Australia, accelerating the integration of distributed energy resources such as rooftop solar and batteries. This initiative allows greater participation in virtual power plants and energy transition efforts (Client Announcements).
Valuation Changes
- Fair Value: Remains unchanged at $140.40 per share.
- Discount Rate: Increased slightly from 9.04% to 9.18%, indicating a marginally higher risk premium applied to future cash flows.
- Revenue Growth: Edged down from 6.03% to 5.99%, reflecting a small reduction in forward growth expectations.
- Net Profit Margin: Stayed nearly the same, moving from 14.23% to 14.22%.
- Future P/E: Decreased slightly from 21.38x to 21.06x, suggesting a modestly lower valuation multiple on projected earnings.
Disclaimer
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