
ICF International (ICFI) Stock Forecast & Price Target
ICF International (ICFI) Analyst Ratings
Bulls say
ICF International has demonstrated robust growth potential, particularly highlighted by its commercial energy markets business, which accounted for 29% of its Q2/25 revenue and experienced a 27% year-over-year revenue increase. Furthermore, the company’s success is evidenced by strong contract awards totaling $621 million in Q2/25, reflecting an encouraging demand for its services. This positive outlook is further supported by ICF's expertise in energy efficiency and related technologies, which are increasingly sought after by utility clients amid rising electricity demand.
Bears say
ICF International's stock outlook is negatively impacted by a substantial revenue decline of 25.2% year-over-year in its federal government client market, which constitutes 43% of its Q2/25 revenue, particularly affecting the Health and Social Programs segment. Additionally, the company's valuation remains depressed compared to its three-year average EV/NTM EBITDA multiple of 13.3x, largely due to ongoing headwinds in the federal government market. The initial 2025 guidance indicated expectations for flat to a 10% year-over-year decline in revenue and earnings per share, reflecting significant concerns regarding the sustainability of business with federal clients.
This aggregate rating is based on analysts' research of ICF International and is not a guaranteed prediction by Public.com or investment advice.
ICF International (ICFI) Analyst Forecast & Price Prediction
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