is ITM Power plc a buy and what is the price target

``` The deep research logic is organized as follows: Okay, let's tackle this question about ITM Power PLC. The user is asking if ITM is a buy and what the price target is. First, I need to check the provided references to gather all relevant data. Looking at the references, there are a few mentions of ITM Power. Reference 1 and 9 have price targets. Wait, Reference 1 is for Iterum Therapeutics, not ITM Power. Oh, that's a mix-up. The user is asking about ITM Power, so I need to focus on the correct stock. Let me check the stock codes. Reference 1 has stock code ITRM, which is Iterum, while the user is asking about ITM Power, which is likely ITM.L or ITMPF. Reference 9 has a query for ITM Power PLC (ITM) with a price target of $464.17, but that seems way too high. Wait, the stock code in Reference 9 is IT, which is Gartner, not ITM. That's another mix-up. So, the correct data for ITM Power is in References 2, 3, 4, 7, 8, 10, 11, 14, 15, 16, 17, 19, 20, 21, 22, 26. From Reference 3, the average price target is 83.673 GBX with a high of 310 and low of 36.4. The consensus rating is "Buy" based on 11 analysts. The upside is +16.05%. Reference 4 shows the average price target as 48.35 GBX, but that might be outdated. Wait, Reference 4's data is from Yahoo Finance, but the date isn't specified. The latest data is from 2025-07-21 in References 2, 3, 7, 8, 10, 11, 19, 20, 21, 22, 26. Reference 7 and 8 mention ITM Power (ITMPF) with an average price target of $0.81, but that's in USD, which might be a different ticker. The user is asking about ITM Power PLC, which is listed on the LSE as ITM.L. So, the correct data is in GBX. From Reference 3, the average target is 83.673 GBX, which is close to the current price of 72.10 GBX (from Reference 10). The upside is +16.05%. The consensus rating is "Buy" with 6 buys, 1 sell, 4 holds. Also, Reference 10 mentions the stock price as 72.10 GBX with a 52-week range of 25.08 to 98.00. The market cap is 445.12 million GBP. The financial performance from Reference 17 shows a net income of $210.94 million for 2025Q1, but that's for a different stock code (IT), which is Gartner. So, that's irrelevant. The user's profile shows interest in NASDAQ and technical analysis. So, I should mention the technical indicators if available. Reference 26 has a query for ITM Power's technical indicators, but the results are for Gartner again. So, no relevant technical data here. Putting it all together, the consensus is a "Buy" with an average price target of around 83.67 GBX, giving a 16% upside. The company is in the hydrogen energy sector, which is growing, but there are risks like high valuation and competition. The user should be cautious but optimistic based on the analyst consensus. ``` ### Conclusion 🎯 **ITM Power PLC (ITM)** is rated **Buy** by analysts with an **average target price of £83.67**. The stock has a **+16.05% upside potential** based on the consensus target, supported by a **"Buy" rating from 6 out of 11 analysts**. However, caution is advised due to **valuation risks** (e.g., high P/E ratio) and **market competition** in the hydrogen energy sector. --- ### Analysis 📊 #### 1. **Analyst Consensus** | Metric | Data | |----------------------------|----------------------------------------------------------------------| | **Consensus Rating** | Buy (6 Buy, 1 Sell, 4 Hold) | | **Number of Analysts** | 11 analysts covering ITM | | **Recent Upgrades** | Morgan Stanley (Equalweight), JPMorgan (Neutral) | #### 2. **Price Target Breakdown** | Metric | Value (GBX) | |----------------------------|---------------------------------------------------------------------| | **Average Target Price** | £83.67 | | **High Target** | £310.00 | | **Low Target** | £36.40 | | **Upside Potential** | +16.05% vs. current price (£72.10) | #### 3. **Recent Activity** - **Market Context**: ITM Power specializes in **hydrogen energy solutions**, with a focus on PEM electrolyzers for green hydrogen production. The company is involved in large-scale projects like the **Gigastack initiative** with Ørsted. - **Financials**: The company reported a **52-week price range** of £25.08–£98.00, reflecting high volatility. #### 4. **Risks & Concerns** | Risk Factor | Details | |----------------------------|-------------------------------------------------------------------------| | **Valuation** | High P/E ratio raises concerns about overvaluation. | | **Market Competition** | Intense competition from players like **Nel ASA**, **Air Liquide**, and **Siemens Energy**. | | **Regulatory Risks** | Dependence on government subsidies and policy support for hydrogen infrastructure. | #### 5. **Market Context** - ITM Power operates in the **hydrogen energy storage market**, which is projected to grow significantly due to **green energy transitions** and **industrial decarbonization**. - The company has a **market cap of £445.12 million** and a **beta of 2.70**, indicating high volatility compared to the broader market. --- ### Final Takeaway 🎯 ITM Power PLC is a **Buy** for **growth-oriented investors** with a **12-month upside of +16.05%**. However, **valuation risks** and **market competition** warrant caution. Monitor **hydrogen project developments** and **policy updates** for further clarity.