Investment firm Baird has spotlighted Itron (ITRI, Financial) as a "Bullish Fresh Pick," maintaining its Outperform rating on the company's stock. With a price target set at $132, Baird's confidence stems from Itron's stable customer base and an increasingly predictable business model. This strong foundation is expected to enable the company to surpass earnings estimates, even amidst broader economic uncertainties.
Investors looking ahead to the company's upcoming Q1 report might find Itron a compelling option, according to Baird's analysis. The research emphasizes the potential for the business to navigate macroeconomic challenges successfully, positioning Itron favorably in the market landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Itron Inc (ITRI, Financial) is $131.00 with a high estimate of $145.00 and a low estimate of $110.00. The average target implies an upside of 29.22% from the current price of $101.38. More detailed estimate data can be found on the Itron Inc (ITRI) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Itron Inc's (ITRI, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Itron Inc (ITRI, Financial) in one year is $86.18, suggesting a downside of 14.99% from the current price of $101.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Itron Inc (ITRI) Summary page.
