03:05 PM EST, 11/04/2025 (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 to $123 from $148, shifting to a P/E of 20x our 2026 EPS view, below its three-year historical average. We lift our 2025 EPS view to $6.88 from $6.11 and cut 2026's to $6.15 from $6.42, reflecting management's raised full-year guidance and our recalibrated revenue assumptions following booking softness and extended deployment timelines. We believe the market is overreacting to near-term deployment delays while undervaluing ITRI's margin transformation, Q3's record 37.7% gross margin and $113 million in FCF. Management's reaffirmation of 2027 targets and 25%+ pipeline expansion signal that demand remains robust despite timing headwinds. Our thesis centers on margin expansion offsetting revenue volatility, with EBITDA margins now approaching the high-teens range targeted for 2027, positioning ITRI to deliver mid-teens earnings growth once deployments normalize in 2026.