
ICF International (ICFI) Stock Forecast & Price Target
ICF International (ICFI) Analyst Ratings
Bulls say
ICF International Inc. has demonstrated robust financial performance, particularly within its commercial energy markets, which contributed significantly to its revenue, reflecting a 27% year-over-year increase in Q2/25 and a 24.3% increase in Q3/25. The strong growth in this segment, accounting for over a quarter of the company’s revenue, is underpinned by heightened demand for ICF's energy efficiency programs and expertise in innovative energy solutions such as flexible load management and grid optimization. Additionally, the company recorded impressive contract awards totaling $621 million in Q2/25, signaling a solid backlog and potential for sustained revenue growth across its professional services offerings.
Bears say
ICF International has reported a significant decline in revenue from federal government clients, with a year-over-year decrease of 29.8% attributed to contract cancellations and a slowdown in project activities, which has adversely impacted financial performance. Additionally, the company is facing headwinds in its federal government market, leading to an overall decrease in expected revenue growth and a decline of 25.2% in federal client revenue for the second quarter. The current valuation remains below the three-year average EV/NTM EBITDA multiple of 13.3x, further underscoring the negative outlook due to ongoing challenges in the federal client segment and projected flat to negative revenue growth for 2025.
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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