
ICF International (ICFI) Stock Forecast & Price Target
ICF International (ICFI) Analyst Ratings
Bulls say
ICF International Inc. has demonstrated robust growth in its commercial energy markets segment, which accounted for 29% of its revenue in Q2 2025, reflecting a remarkable 27% year-over-year increase. The company's strength is further underscored by strong contract awards totaling $621 million in Q2 2025, indicating a positive trend in new business opportunities. This growth is largely driven by elevated demand from utility clients for ICF's expertise in energy efficiency, flexible load management, electrification, and grid optimization, positioning the company favorably in the evolving energy market.
Bears say
ICF International has faced a significant revenue decline of 25.2% year-over-year in the federal government client market, which comprises 43% of its total revenue in Q2/25, particularly impacting the Health and Social Programs sector. Despite some growth in the commercial energy segment, this decline has resulted in a depressed valuation relative to the company's three-year average EV/NTM EBITDA multiple of 13.3x, indicating ongoing challenges in the federal government market. Furthermore, the company's 2025 guidance forecasts a flat to 10% decline in revenue and earnings per share, highlighting the potential risks associated with their reliance on federal government contracts.
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
Start investing in ICF International (ICFI)
Order type
Buy in
Order amount
Est. shares
0 shares