Itron (ITRI) Stock
Smart meter and grid software provider for utilities. Here's the price, business snapshot, and what's worth knowing about Itron in October 2026.
Itron, Inc. (ITRI) builds smart metres, sensors, communications and grid-management software for utilities worldwide. With a market capitalisation of about $6.11bn, the firm combines hardware sales with recurring software and services, positioning it to benefit from meter replacement programmes, grid modernisation and decentralised energy growth. Key strengths include a sizeable installed base, multi-year contracts and a growing software subscription mix that can improve recurring revenue visibility. Investors should watch backlog, margins, cash flow and regional regulatory timelines, as revenues can be lumpy and tied to utility capital spending cycles. Principal risks include competitive pressure, project execution, supply-chain constraints and regulatory change. This summary is general educational information, not personal financial advice; investors should consider their own circumstances and consult a regulated adviser. Past performance is not a reliable indicator of future results.
Itron (ITRI) Stock Forecast
Analyst price target, next 12 months
$123.50
+42.8% vs today's $86.51
Price range over the last 12 months
Close to its 12-month low
Analysts covering Itron have a consensus 12-month target of $123.50, above the current price of $86.51.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 5 Oct 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts suggest buying Itron's stock, with a target price indicating significant potential growth.
Financial Health
Itron Inc. shows strong revenue and cash flow, reflecting solid operational performance and profitability.
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Why You’ll Want to Watch This Stock
Metre replacement cycle
Large-scale metre rollouts can lift hardware sales and follow-on service contracts, though timing varies by region and policy.
Grid modernisation trend
Demand for grid analytics and automation supports software and services growth, but adoption depends on utility budgets and regulation.
Global utility market
A diverse geographic footprint spreads opportunity, yet differing regulations and execution risk add complexity for investors.
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