7 Analysts Have This To Say About Itron
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Itron (NASDAQ:ITRI), with a shift towards more bullish sentiments. The average 12-month price target is now $102.0, marking a 10.07% increase from the previous target of $92.67. Analyst actions include both upgrades and downgrades, reflecting a nuanced view of Itron's market position. Itron's financial performance shows strong revenue growth, net margin, ROE, and ROA, outperforming industry averages. The company's market capitalization is below the industry average, indicating it is smaller compared to peers, but it maintains a low debt-to-equity ratio, suggesting prudent financial management.
April 11, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Itron has received updated analyst ratings with a more bullish outlook, raising the average 12-month price target to $102.0. The company's strong financial performance and positive revenue growth are likely to support this optimistic view.
The increase in the average price target and the positive financial indicators such as revenue growth, net margin, and ROE suggest a strong short-term outlook for Itron. The analyst ratings, ranging from 'Overweight' to 'Outperform', indicate a consensus that Itron's stock is likely to perform well in the market, supporting a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100