Itron (NASDAQ:ITRI) Price Target Raised to $137.00

Itron (NASDAQ:ITRI) had its price objective raised by investment analysts at Needham & Company LLC from $128.00 to $137.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. Needham & Company LLC‘s target price indicates a potential upside of 44.90% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. BNP Paribas Exane cut their price target on shares of Itron from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday. Zacks Research cut shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Oppenheimer reissued an “outperform” rating on shares of Itron in a research report on Wednesday. Seaport Research Partners restated a “buy” rating and set a $150.00 target price on shares of Itron in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Itron from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.60.

Itron Trading Up 7.8%

Shares of NASDAQ:ITRI opened at $94.55 on Tuesday. Itron has a 1 year low of $77.77 and a 1 year high of $142.00. The business has a fifty day simple moving average of $91.26 and a 200 day simple moving average of $91.10.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.38. The firm had revenue of $599.33 million during the quarter, compared to analysts’ expectations of $595.50 million. During the same quarter last year, the firm earned $1.54 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts expect that Itron will post 6.41 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Joan Hooper sold 455 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $44,949.45. Following the transaction, the chief financial officer directly owned 118,440 shares in the company, valued at approximately $11,700,687.60. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald Reeves, III sold 283 shares of Itron stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $99.99, for a total transaction of $28,297.17. Following the completion of the transaction, the senior vice president owned 27,662 shares in the company, valued at $2,765,923.38. This trade represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,903 shares of company stock valued at $1,753,521 over the last three months. Corporate insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Itron

Institutional investors have recently made changes to their positions in the business. PenderFund Capital Management Ltd. bought a new position in shares of Itron in the second quarter worth about $35,000. Integrated Wealth Concepts LLC bought a new stake in Itron during the 2nd quarter valued at approximately $36,000. Quantbot Technologies LP bought a new stake in Itron during the 2nd quarter valued at approximately $36,000. Public Employees Retirement System of Ohio acquired a new stake in Itron in the 2nd quarter valued at approximately $48,000. Finally, Farther Finance Advisors LLC grew its holdings in Itron by 37.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 640 shares of the scientific and technical instruments company’s stock valued at $55,000 after buying an additional 176 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q3 earnings beat expectations: Itron reported adjusted earnings of $1.94 per share, well above the $1.56 analyst consensus, while revenue of $599.3 million exceeded expectations of $595.5 million. Revenue grew 3% year over year, and earnings increased from $1.54 per share in the prior-year quarter. Itron Third-Quarter Earnings Results
• Positive Sentiment: Recurring revenue and backlog strengthened: Annual recurring revenue rose 25% to $423 million, while total backlog reached $4.3 billion. The company also generated $102 million in operating cash flow and $96 million in free cash flow, supporting the quality of the quarter’s results. Itron Q3 Revenue and Recurring Revenue Report
• Positive Sentiment: Guidance supports the outlook: Itron forecast fourth-quarter revenue of $621 million to $636 million and full-year 2026 revenue of $2.37 billion to $2.385 billion. The strong outlook is reinforcing investor confidence in utility technology and smart-grid demand. Itron Announces Third-Quarter 2026 Financial Results
• Neutral Sentiment: Technical momentum improved: ITRI broke above its 200-day moving average, a potentially bullish technical signal that may attract momentum-focused investors. The stock remains below its 52-week high, however, leaving valuation and follow-through as key considerations. Itron Stock Breaks Above Two-Hundred-Day Moving Average
• Negative Sentiment: Valuation concerns remain: BNP Paribas Exane lowered its price target to $105, signaling more limited upside in the analyst’s view despite the earnings beat. Separately, reported insider activity showed selling by company executives with no purchases during the period, a potential cautionary signal. BNP Paribas Exane Lowers Itron Price Target

Itron Company Profile

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.