TD Cowen analyst Jeff Osborne maintained a Buy rating on Itron today and set a price target of $145.00.
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Jeff Osborne has given his Buy rating due to a combination of factors that highlight Itron’s strong financial performance and growth potential. The company has achieved quarterly records in margins, profitability, and cash flow, demonstrating its operational efficiency and financial health. This positive performance is supported by the scaling of its grid edge intelligence offerings, which have shown robust demand.
Despite some short-term challenges, such as delayed customer decisions and policy uncertainties affecting revenue guidance, Osborne sees these as temporary setbacks. The longer-term demand remains strong, with a maintained book-to-bill guide of at least 1x in 2025. Additionally, the raised 2025 EPS guidance, supported by margin strength and a lower tax rate, further reinforces the positive outlook. Osborne views the current weakness in shares as a buying opportunity, given the company’s solid fundamentals and growth prospects.
Osborne covers the Technology sector, focusing on stocks such as Itron, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Osborne has an average return of 0.7% and a 44.13% success rate on recommended stocks.
In another report released today, J.P. Morgan also upgraded the stock to a Buy with a $145.00 price target.