Fintel reports that on March 6, 2026, Needham initiated coverage of Itron (NasdaqGS:ITRI) with a Buy recommendation.
Analyst Price Forecast Suggests 55.81% Upside
As of February 25, 2026, the average one-year price target for Itron is $142.13/share. The forecasts range from a low of $129.28 to a high of $157.50. The average price target represents an increase of 55.81% from its latest reported closing price of $91.22 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Itron is 2,219MM, a decrease of 6.26%. The projected annual non-GAAP EPS is 16.12.
What is the Fund Sentiment?
There are 558 funds or institutions reporting positions in Itron. This is an decrease of 340 owner(s) or 37.86% in the last quarter. Average portfolio weight of all funds dedicated to ITRI is 0.15%, an increase of 51.25%. Total shares owned by institutions decreased in the last three months by 20.14% to 49,678K shares. 
The put/call ratio of ITRI is 0.47, indicating a bullish outlook.
What are Other Shareholders Doing?
Invesco holds 2,044K shares representing 4.55% ownership of the company. In its prior filing, the firm reported owning 2,236K shares , representing a decrease of 9.41%. The firm decreased its portfolio allocation in ITRI by 91.73% over the last quarter.
Impax Asset Management Group holds 1,355K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 1,589K shares , representing a decrease of 17.25%. The firm decreased its portfolio allocation in ITRI by 31.58% over the last quarter.
Geode Capital Management holds 1,145K shares representing 2.55% ownership of the company. In its prior filing, the firm reported owning 1,138K shares , representing an increase of 0.58%. The firm decreased its portfolio allocation in ITRI by 61.33% over the last quarter.
Bank of New York Mellon holds 1,011K shares representing 2.25% ownership of the company. In its prior filing, the firm reported owning 821K shares , representing an increase of 18.74%. The firm decreased its portfolio allocation in ITRI by 92.83% over the last quarter.
Amundi holds 898K shares representing 2.00% ownership of the company. In its prior filing, the firm reported owning 859K shares , representing an increase of 4.28%. The firm decreased its portfolio allocation in ITRI by 86.48% over the last quarter.
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This story originally appeared on Fintel.
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