
ICF International (ICFI) Stock Forecast & Price Target
ICF International (ICFI) Analyst Ratings
Bulls say
ICF International Inc. is projecting 2026 revenue between $1.89 billion and $1.96 billion, indicating year-over-year growth of 0.9% to 4.7%. The company's commercial energy business has markedly contributed to this positive outlook, with a 24% year-over-year revenue increase in 2025, supported by both organic growth and a recent acquisition. Furthermore, expectations for a rebound in the federal IT modernization sector, alongside a strong positioning of the federal government business entering 2026, enhances the company's revenue growth potential moving forward.
Bears say
ICF International reported a 9% year-over-year decline in non-GAAP EPS for the full year 2025, reflecting the adverse effects of a federal government shutdown and a significant 29.8% drop in revenue from federal government clients, which constitute 43% of total revenue in Q3 2025. The company experienced approximately $15 million in revenue shortfall, primarily due to slow international contract ramp-ups and substantial contract cancellations in its federal business, leading to an overall 7.3% decrease in revenue year-over-year. Moreover, the stock's valuation remains depressed with an EV/NTM EBITDA multiple significantly below its three-year average, primarily driven by continued 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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