
ICF International (ICFI) Stock Forecast & Price Target
ICF International (ICFI) Analyst Ratings
Bulls say
ICF International Inc. is projected to achieve substantial revenue growth, with guidance indicating 2026 revenue ranging from $1.89 billion to $1.96 billion, reflecting a year-over-year increase of 0.9% to 4.7%. The company has demonstrated a strong performance in the commercial energy sector, which saw a 24% revenue increase year-over-year in 2025, contributing significantly to its overall revenue growth from non-federal markets. Furthermore, ICF's federal IT modernization business is expected to recover, positioning the company for further growth as it enters 2026 with a stronger federal government business foundation compared to the previous year.
Bears say
ICF International Inc. has demonstrated a concerning trend, with a full-year 2025 non-GAAP EPS declining by 9% year-over-year, attributed to factors such as contract cancellations and a slower project ramp-up, particularly in its federal government segment. Revenue from federal government clients, which constitutes 43% of the company’s Q3/25 revenue, fell by 29.8% year-over-year, reflecting challenges including reduced procurement activity and the repercussions of a government shutdown. Additionally, ICF's overall revenue experienced a 7.3% decline year-over-year, further compounded by a depressed valuation relative to its three-year average EV/NTM EBITDA multiple, signifying persistent headwinds in the federal government market.
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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