ITRI

Rating buyAI Memo

Itron

As of 2026-02-19/Confidence medium

Open ticker Back to Memos

Data freshness

AI Memo

As of 2026-02-19 • Model: RankAlpha Sentiment AI

Decision Panel

Action, confidence, horizon, and decision blockers at a glance.

Action

buy

Confidence

medium

Horizon

—

Key catalyst

Utility contract awards / AMI deployments • 2027-02-19

Expected move: +66%

Biggest risk

Utility spending slows or project execution falters, squeezing margins and pushing consensus toward the analyst low.

Invalidation

Break below $89 or thesis failure.

What would change my mind?

Execution accelerates on AMI rollouts, margins recover and analysts upgrade, driving multiple expansion toward the analyst high.

Research note

Recommendation

buy

Confidence

medium

As of

2026-02-19

Base target

$137

p=60%

Bull target

$163

p=20%

Bear target

$89

p=20%

Key bullets

Fast scan of bull, bear, and watch items

BullKey bullets

Q2 2026 earnings (estimated)
Analyst target revisions
Execution accelerates on AMI rollouts, margins recover and analysts upgrade, driving multiple expansion toward the analyst high.

BearKey bullets

Execution delays on large AMI projects
Slower utility capex or deferred budgets
Supply-chain/component cost shocks

WatchKey bullets

Utility contract awards / AMI deployments

Summary

High-level snapshot

Recommendation

buy

Model confidence

medium

Timeframe

Asset

Equity

Trigger

Base case: $137 (p=60%)

Bull/Bear spread: +97% / +8%

Vs latest close: Bull +97% · Base +66% · Bear +8%

Scenario probabilities

Bull Target: $163 (p=20%)Base Target: $137 (p=60%)Bear Target: $89 (p=20%)

Commentary

Sell-side coverage skews constructive: medians cluster ~$136 while highs reach the $150–$162 range. Near-term tone depends on upcoming results and guidance.

As of 2026-02-19 • Updated bi-weekly / post-earningsSource: Internal modelMethodology

Analyst Summary

Thesis highlights from the latest analysis

Bull Case

Execution accelerates on AMI rollouts, margins recover and analysts upgrade, driving multiple expansion toward the analyst high.

Bear Case

Utility spending slows or project execution falters, squeezing margins and pushing consensus toward the analyst low.

Drivers

Scannable catalysts and supporting factors

Q2 2026 earnings (estimated)
Analyst target revisions

Human Analyst Targets

External snippets for comparison only; verify at source.

Unverified externalLast fetched 2026-02-19Source quality: external scrape

External snippets are unverified; treat as directional signals only. Always confirm with the original provider.

Inline RA est

Provider

serper

Median (USD)

$136.83

Range (USD)

$89.36 - $162.75

Count

Query: Itron Inc Common (ITRI) analyst consensus price target high low average

Itron (ITRI) Stock Forecast & Price Target - Investing.com
Search result #1
According to projections from 8 analysts, the average 12-month price target for Itron is 136.22, with a high estimate of 150 and a low estimate of 118. What ...
Open source
What is the current Price Target and Forecast for Itron (ITRI)
Search result #2
The forecasts range from a low of $118.00 to a high of $155.00. The average price target represents an increase of 53.44% from the last closing price of $89.36.
Extracted: $118.00, $155.00, $89.36Open source
Itron (ITRI) Stock Forecast and Price Target 2026 - MarketBeat
Search result #3
According to the 13 analysts' twelve-month price targets for Itron, the average price target is $137.90. The highest price target for ITRI is $155.00, while the ...
Extracted: $137.90, $155.00Open source
Itron Inc (ITRI) Stock Forecast, Price Targets and Analysts Predictions
Search result #4
The average price target is $136.83 with a high forecast of $150.00 and a low forecast of $125.00. The average price target represents a 41.90% change from the ...
Extracted: $136.83, $150.00, $125.00Open source
Itron: ITRI Stock Price Quote & News - Robinhood
Search result #5
Oppenheimer raised the firm's price target on Itron (ITRI) to $133 from $125 and keeps an Outperform rating on the shares. The firm notes shares traded up Tuesd ...
Extracted: $133.00, $125.00Open source
Itron, Inc.: Target Price Consensus and Analysts Recommendations
Search result #6
Analysts' recommendations: Itron, Inc. (ITRI) Itron Expects Full Year 2025 ... Low Price Target. 118.00USD. Spread / Lowest Target. +21.21%. Analyst ...
Extracted: $118.00Open source

Scenarios

Bull Target (Scenario probability)

$163 / p=20% prob

Base Target (Scenario probability)

$137 / p=60% prob

Bear Target (Scenario probability)

$89 / p=20% prob

Price $82 as of 2026-05-29

Nearest Scenario: Bear (∆ 8%)

Targets vs latest close: Bull +97% · Base +66% · Bear +8%

Sentiment & Exposure

Sentiment unavailable: insufficient coverage

Events

Other notable items detected

EVENT2027-02-19
Utility contract awards / AMI deployments
Material utility contract wins or accelerated AMI rollouts that increase backlog and revenue visibility; timing uncertain, end-of-window assumed.
Prob 35.00% • Move 40.00% • Priced-in 10.00%

Short-term Catalysts

Next few weeks

Q2 2026 earnings (estimated)
2026-05-20
Quarterly results and guidance that typically move consensus and drive near-term re-rating; estimated date based on historical cadence.
Prob 70% • Move 12% • Priced-in 30%

Long-term Catalysts

Months to a year

Analyst target revisions
2027-02-19
Consensus 12-month price-target updates and upgrades that could re-rate shares if models converge higher; tied to results and contract news.
Prob 60% • Move 63% • Priced-in 20%

Risks

Execution delays on large AMI projects
Slower utility capex or deferred budgets
Supply-chain/component cost shocks

Peers

Symbol	Summary
HON	Diversified automation and controls business serving utility and infrastructure customers.

Sources

Internal and external references used in this analysis

Model source: RankAlpha Sentiment AI
Human targets: serper
Targets query: Itron Inc Common (ITRI) analyst consensus price target high low average
Analysis date: 2026-02-19

AI Stock Memo: ITRI - Itron - RankAlpha