
ICF International (ICFI) Stock Forecast & Price Target
ICF International (ICFI) Analyst Ratings
Bulls say
ICF International is expected to experience a return to revenue and earnings growth in 2026, as per the company's original guidance framework that was recently reaffirmed. The company's 2025 non-GAAP EPS of $6.77 was within its original guidance despite challenges in the federal government market, and its 2025 adjusted EBITDA margin remained consistent with the prior year. Furthermore, ICF anticipates double-digit growth in its non-federal markets and is optimistic about the potential for its federal IT modernization business to benefit from an increased focus on technology efficiency by the Trump administration.
Bears say
ICF International is expected to see growth in its federal government business and has reported a 24% increase in non-federal markets, primarily driven by strong demand from utility clients for energy efficiency programs and expertise. However, management noted that revenue for Q3/25 was lower than expected due to slower-than-anticipated ramp-up of international government contracts, but projects a strong double-digit growth rate for this segment in 2026. The company also expects a resumption of revenue and earnings growth in 2026, driven by growth in commercial, international government, and state & local government markets as well as improving portions of the federal government business.
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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