CRA International (CRAI) Stock Forecast & Price Target

CRA International Inc. has shown strong growth potential, with Q3/25 revenue increasing by 10.8% year-over-year to $185.9 million, surpassing previous estimates and consensus figures. The firm's legal and regulatory consulting practices have contributed significantly to this growth, with a collective revenue increase of 11.5% year-over-year, driven by robust performance in key areas such as Intellectual Property, Energy, Finance, and Antitrust & Competition Economics. Additionally, CRA International has demonstrated a commitment to returning value to shareholders, with a consistent increase in dividends, which has quadrupled since its initiation in 2016.

CRA International Inc. reported a slight decline in consultant headcount, decreasing by 1.0% year-over-year to 968, which reflects ongoing portfolio optimization efforts that may indicate a strategic shift or shrinking workforce. Furthermore, the high level of regulatory scrutiny in Europe could pose challenges for the company’s international operations and growth prospects. While the firm's non-GAAP EBITDA margin reached an all-time high of 13.2% in FY/24, the pressures from reduced headcount and regulatory complexities suggest potential vulnerabilities that could adversely affect future performance.