Itron (ITRI) stock is back in focus after the company announced a multi year collaboration in Thessaloniki, Greece, where its smart water meters and data platforms will support a large scale digital water transformation.

The Thessaloniki project lands at a time when Itron’s 1 day share price return of 1.2% and 7 day share price return of 6.0% contrast with a 90 day share price decline of 19.4%. Meanwhile, the 3 year total shareholder return of 70.6% stands out against a 1 year total shareholder return decline of 7.9%, which suggests that long term holders have seen stronger results than more recent investors.

If this kind of smart infrastructure story interests you, it could be worth widening your search to other high growth tech and AI stocks that are shaping how utilities and cities use data.

With Itron trading at US$98.44, alongside an indicated intrinsic discount of around 48% and a value score of 6 out of 10, you have to ask: is there still an entry point here, or is the market already pricing in future growth?

Most Popular Narrative: 29.8% Undervalued

With Itron’s fair value estimate at about US$140.20 versus a last close of US$98.44, the most followed narrative sees meaningful upside baked into its cash flow outlook.

Ongoing industry wide digitalization and increased adoption of IoT by utilities are driving higher uptake of Itron's Outcomes (software and analytics) offerings, which are higher margin and boost recurring revenue, supporting continued net margin and earnings expansion.

Want to see what is driving that higher fair value line? The narrative leans heavily on steady revenue compounding, rising margins, and a richer earnings multiple in a few years time.

Result: Fair Value of $140.2 (UNDERVALUED)

However, that upside story could be knocked off course if large utility projects keep getting delayed or if Outcomes segment growth stays below expectations.

Build Your Own Itron Narrative

If you see the data differently or want to stress test your own assumptions, you can build a custom view of Itron in just a few minutes: Do it your way.

A great starting point for your Itron research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.