ICF International

ICFI · NASDAQ

$89.78+$1.32 (+1.49%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $88.46

ICFI analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 6 analysts

Average $109.39 (+21.8% upside)

Low: $80.80
Now: $89.78
High: $130.20

Upgrades and downgrades

The latest rating actions, newest first

ICFI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barrington Research	Mar 4, 2026	Maintains	Outperform	$102.00	59%
Truist Securities	Jan 14, 2026	Maintains	Hold	$82.00 → $90.00	61%
Canaccord Genuity	Dec 2, 2025	Upgrade	Hold → Buy	$90.00 → $115.00	34%
Barrington Research	Nov 20, 2025	Maintains	Outperform	$107.00 → $102.00	59%

The case for and against

Updated May 12, 2026

Bull case

ICF International is expected to continue its strong growth in the non-federal market, with a high-single-digit revenue increase expected from its commercial, state & local government, and international government clients. While the company's federal government market faced challenges in 2025, including a government shutdown, ICF has maintained its adjusted EBITDA margin thanks to a higher mix of revenue from fixed-price and time & materials contracts and cost containment measures. Additionally, the company's strong backlog and $8.4 billion new business development pipeline support its future growth prospects. Therefore, from a fundamental standpoint, ICF International's outlook remains positive.

Bear case

ICF International is expected to face challenges in the near future, such as government spending cutbacks and shifting priorities under the current administration, leading to a decline in federal government business. This is evident in the company's 2025 results, where revenue declined by 7.3% and EPS remained flat to -10% year-over-year. However, the company is expecting a return to revenue and earnings growth in 2026, with guidance forecasting a 0.9% to 4.7% increase in revenue and a resumption of growth. This may be a positive sign for the company's future, but continued government instability could pose a threat to their growth and financial performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.