Itron, Inc. (ITRI) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$82.97
Price Target
$137.00
Target Range
$128.00 — $155.00
Analyst Rating
Hold
Forward P/E13.8x
Trailing P/E12.7x
Forward PEG—
Implied Growth-5.2%
Median Target$135.50
Analyst Spread19.7%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$128
+54.3%
Consensus
$137
+65.1%
Bull Case
$155
+86.8%
ITRI Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Itron, Inc. (ITRI) has a Wall Street consensus price target of $137.00, based on estimates from 37 covering analysts. With the stock currently trading at $82.97, this represents a potential upside of +65.1%. The company has a market capitalization of $3.68B.
Analyst price targets range from a low of $128.00 to a high of $155.00, representing a 20% spread in expectations. The median target of $135.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 14 analysts rating the stock as a Buy or Strong Buy,18 rating it Hold, and 5 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, ITRI trades at a trailing P/E of 12.7x and forward P/E of 13.8x. Analysts expect EPS to grow -5.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+17.3%
Avg Forward P/E23.3x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 REZIResideo Technologies, Inc. | $6.2B | $41.10 | $40.00 | -2.7% | Buy | 13.3x | 7 |
 TRMBTrimble Inc. | $15.0B | $63.42 | $95.00 | +49.8% | Buy | 20.5x | 28 |
 LDOSLeidos Holdings, Inc. | $17.0B | $134.90 | $204.00 | +51.2% | Buy | 11.4x | 27 |
 ACLXArcellx, Inc. | $6.7B | $115.07 | $112.45 | -2.3% | Hold | — | 18 |
 SENSSenseonics Holdings, Inc. | $221M | $5.36 | $9.00 | +67.9% | Buy | — | 16 |
 BMIBadger Meter, Inc. | $3.6B | $123.75 | $172.14 | +39.1% | Hold | 27.5x | 18 |
 ERIIEnergy Recovery, Inc. | $613M | $11.61 | $13.00 | +12.0% | Buy | 28.2x | 16 |
 ECVTEcovyst Inc. | $1.6B | $14.68 | $9.67 | -34.1% | Buy | 24.0x | 6 |
 ETNEaton Corporation plc | $163.5B | $421.39 | $379.78 | -9.9% | Buy | 31.7x | 39 |
 AMEAMETEK, Inc. | $55.3B | $241.38 | $245.91 | +1.9% | Buy | 29.9x | 29 |
Upside Potential Comparison
SENSLDOSTRMBBMIERIIAMEACLXREZISee ITRI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ITRI Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare ITRI vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonITRI — Frequently Asked Questions
Quick answers to the most common questions about buying ITRI stock.
What is the ITRI stock price target for 2026?
The consensus Wall Street price target for ITRI is $137, representing 65.1% upside from the current price of $82.97. With 37 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is ITRI a buy, sell, or hold?
ITRI has a consensus rating of "Hold" based on 37 Wall Street analysts. The rating breakdown is mixed, with 18 Hold ratings making up the largest segment. The consensus 12-month price target of $137 implies 65.1% upside from current levels.
Is ITRI stock overvalued or undervalued?
With a forward P/E of 13.771x, ITRI trades at a relatively low valuation. The consensus target of $137 implies 65.1% appreciation, suggesting meaningful undervaluation.
How high can ITRI stock go?
The most bullish Wall Street analyst has a price target of $155 for ITRI, while the most conservative target is $128. The consensus of $137 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover ITRI stock?
ITRI is heavily covered by Wall Street, with 37 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 14 have Buy ratings, 18 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the ITRI stock forecast?
The 12-month ITRI stock forecast based on 37 Wall Street analysts shows a consensus price target of $137, with estimates ranging from $128 (bear case) to $155 (bull case). The median consensus rating is "Hold".
What is ITRI's forward P/E ratio?
ITRI trades at a forward P/E ratio of 13.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 12.7x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy ITRI stock?
Wall Street analysts are very optimistic on ITRI, with a "Hold" consensus rating and $137 price target (65.1% upside). 14 of 37 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do ITRI price targets vary so much?
ITRI analyst price targets range from $128 to $155, a 20% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $137 consensus represents the middle ground.