
ICF International (ICFI) Stock Forecast & Price Target
ICF International (ICFI) Analyst Ratings
Bulls say
ICF International Inc. is poised for substantial revenue growth, with expectations that combined revenue from commercial, state, local, and international government clients will increase by at least 15% year-over-year in 2025, making up over 55% of total revenue. The company has shown robust performance in its commercial energy market, with a notable 25.8% revenue increase recorded in the full year of 2024, while the overall business revenue increased 2.9% year-over-year. A solid new business pipeline of $10.6 billion at the end of Q3/24, alongside the anticipated contributions from the recent acquisition of Applied Energy Group, further supports a positive outlook for continued growth in the higher-margin commercial energy sector.
Bears say
ICF International is experiencing declining revenue in its Health and Social Programs market, which constitutes a significant portion of its business, as evidenced by a 7.1% year-over-year decrease in Q4/24 due to contract delays and the wind-down of previous acquisitions. The company's 2025 guidance reflects a concerning outlook with anticipated flat to a 10% decrease in revenue, highlighting a potential $350 million reduction in federal government revenue due to expected losses from contracts. Additionally, the projected decline in IT modernization revenue and a lowered EV/NTM EBITDA multiple suggest that profitability may be adversely affected in the near term.
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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