11:45 AM EDT, 05/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target price by $3 to $132, shifting to a P/E of 22x our 2026 EPS view, below its three-year historical average of 33x. We keep our 2025 EPS estimate at $5.51 and lift 2026's to $5.98 from $5.78. Despite this more conservative multiple (below ITRI's three-year historical average of 33x), we remain bullish on the company's prospects. The Q1 2025 results reinforce our conviction, with ITRI delivering impressive profitability gains across all metrics. GAAP EPS rose 27% Y/Y to $1.42, while gross margin expanded 180 bps to a record 35.8%, demonstrating exceptional operational execution. Free cash flow nearly doubled to $67.5M, showcasing enhanced efficiency. The company's transformation toward higher-margin recurring revenue streams and leadership in grid edge intelligence solutions should drive sustainable growth despite near-term revenue headwinds.