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ITM Power sits in the middle of a wide analyst price target range, with recent work framing views between £0.80 and £2.00 per share. The shift toward a higher £2.00 target from supportive research contrasts with the £0.80 level linked to a more cautious stance, which captures how differently analysts are reading the same set of risks and opportunities. As you read on, you will see how these targets fit into the changing story around ITM Power and how to keep track of that evolving narrative.
Stay updated as the Fair Value for ITM Power shifts by adding it to your watchlist or portfolio . Alternatively, explore our Community to discover new perspectives on ITM Power.
What Wall Street Has Been Saying
Recent analyst commentary on ITM Power gives you a split picture on valuation and execution risk. Two firms, Berenberg and JPMorgan, have both adjusted their views in 2026 and their price targets now sit at very different levels. This range underlines how differently the same fundamentals can be interpreted when it comes to growth potential and delivery against plans.
Berenberg now uses a £2.00 price target for ITM Power, while JPMorgan works with £0.80. Both firms keep their existing ratings in place. For you as an investor, the gap between these targets highlights the importance of understanding what each analyst is focusing on, from growth prospects to balance sheet risk and project execution.
Bullish Takeaways
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Berenberg lifted its ITM Power price target to £2.00 per share from £1.10 and keeps a Buy rating, which signals confidence in the company's long term growth prospects.
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The higher target from Berenberg suggests the firm sees room for ITM Power to add value if it executes on its project pipeline and commercial plans.
Bearish Takeaways
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JPMorgan now uses a lower price target of £0.80 per share and maintains a Neutral rating, which reflects caution on near term execution and valuation risk.
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The wide gap between the £0.80 and £2.00 targets underlines ongoing uncertainty around how consistently ITM Power can deliver on its growth plans.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!
We've flagged 2 risks for ITM Power. See which could impact your investment.
How This Changes the Fair Value For ITM Power
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Fair Value has been updated from £1.20 to £1.33 per share.
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Revenue Growth has been revised from 54.96% to 54.67%.
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Net Profit Margin has moved from 5.68% to 5.22%.
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Future P/E has been raised from 162.17x to 197.57x.
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The Discount Rate has been adjusted from 9.72% to 9.93%.
Never Miss an Update: Follow The Narrative
Narratives link ITM Power's business story to a financial forecast and a view of fair value so you can see how new information changes the bigger picture. They update automatically when analysts, data or company news shift the outlook.
Head over to the Simply Wall St Community and follow the Narrative on ITM Power to stay up to date on:
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How government backed green hydrogen spending and regulation are feeding into ITM Power's contract pipeline and revenue visibility.
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The role of new electrolyser platforms, manufacturing automation and the Hydropulse build own operate model in ITM Power's path toward higher margins and recurring revenue.
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Key risks around ongoing losses, lumpy revenue recognition, factory under absorption, tougher electrolyser competition and execution challenges on long term projects.
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.
Companies discussed in this article include ITM.aim .
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
