
CRA International (CRAI) Stock Forecast & Price Target
CRA International (CRAI) Analyst Ratings
Bulls say
CRA International Inc. has demonstrated strong financial performance with a 5.6% year-over-year revenue increase in fiscal 2023, reaching $624 million and exceeding revised guidance expectations. The company is projecting fiscal 2024 revenue growth of 3.4-8.2% year-over-year, supported by a 10% increase in new project originations and favorable market conditions in its A&CE segment. Additionally, Q4/23 saw a significant 19% year-over-year increase in adjusted EPS to $1.63, alongside a 17% rise in non-GAAP EBITDA, reflecting improved efficiency and margins.
Bears say
CRA International Inc. has revised its fiscal year 2023 revenue guidance downwards due to a broad-based slowdown in project lead flow conversion, reflecting macroeconomic uncertainty that has led to delayed decision-making by clients. Despite exceeding its revised non-GAAP EBITDA margin guidance of 10.3-10.7% for FY/23, the margin declined to 11% compared to the previous year, indicating potential challenges in profitability amid slower project initiation. Furthermore, the overall market dynamics were unfavorable, as demonstrated by a 27% year-over-year decline in global M&A value in the first nine months of 2023, contributing to a negative outlook for the company’s consulting business.
This aggregate rating is based on analysts' research of CRA International and is not a guaranteed prediction by Public.com or investment advice.
CRA International (CRAI) Analyst Forecast & Price Prediction
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