Analyst Jeff Osborne of TD Cowen maintained a Buy rating on Itron (ITRI – Research Report), retaining the price target of $139.00.
Jeff Osborne has given his Buy rating due to a combination of factors that highlight Itron’s strong financial performance and strategic positioning. The company reported robust results with profitability exceeding expectations, driven by impressive gross margins and stable operating expenses. Additionally, Itron’s revenue guidance for the fiscal year aligns with market consensus, while its earnings per share outlook surpasses expectations, indicating strong financial health.
Despite some challenges, such as a book-to-bill ratio below the target and potential tariff impacts, Itron has shown resilience. The company’s compliance with USMCA for components sourced from Mexico and the absence of changes in customer activity despite tariff concerns further support Osborne’s positive outlook. These elements combined suggest a promising future for Itron, justifying the Buy rating.
In another report released on April 17, Guggenheim also reiterated a Buy rating on the stock with a $133.00 price target.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ITRI in relation to earlier this year.