Analysts Stay Bullish on Itron, Inc. (ITRI) Despite Target Cut
Key takeaways
- (ITRI) Despite Target Cut Rameen Kasana Tue, May 12, 2026 at 12:03 AM GMT+7 2 min read ITRI Itron, Inc.
- On the same day, analysts at Roth/MKM also trimmed the price target on Itron, Inc.
- The company’s asset-light shift is expected to continue to enhance wallet share, margins, and sentiment, Roth/MKM noted.
Analysts Stay Bullish on Itron, Inc. (ITRI) Despite Target Cut Rameen Kasana Tue, May 12, 2026 at 12:03 AM GMT+7 2 min read ITRI Itron, Inc. (NASDAQ:ITRI) is among the best high-return technology stocks to buy now. On April 29, Jeff Osborne, an analyst at TD Cowen, cut the price target on Itron, Inc. (NASDAQ:ITRI) to $130 from $145 and maintained a Buy rating. The firm said the company’s Q1 results outperformed expectations due to a pull-forward, which consequently led to Q2 guidance below estimates. According to TheFly, deployment of grid-edge technology is on schedule, with no labor or materials constraints noted.
On the same day, analysts at Roth/MKM also trimmed the price target on Itron, Inc. (NASDAQ:ITRI) to $136 from $150 and reiterated a Buy rating. As highlighted by the firm, the company’s near-term revenue growth outlook appears soft, particularly due to complex projects and transitory regulatory trends. The firm remains positive on the company’s strong backlog and pipeline clarity, making it one of the best high-return technology stocks to buy now.
The company’s asset-light shift is expected to continue to enhance wallet share, margins, and sentiment, Roth/MKM noted. While Itron, Inc. (NASDAQ:ITRI)’s share price returns continue to underperform the S&P 500, it delivers a profit margin of 12.31% and ROE (ttm) of 18.58%.