William Blair analyst Tim Mulrooney has maintained their bullish stance on ICFI stock, giving a Buy rating on October 28.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Tim Mulrooney has given his Buy rating due to a combination of factors that suggest a positive outlook for Icf International in the long term. Despite the current volatility and challenges posed by the government shutdown, the company is poised for growth as it moves into fiscal 2026. The absence of further federal contract cancellations in the third quarter and a strategic shift towards higher-growth, higher-margin businesses such as commercial energy are promising signs.
Additionally, while the third-quarter results were below expectations due to a decline in federal revenue, much of this revenue is expected to be deferred rather than lost, potentially boosting future performance. The IT modernization business is also anticipated to gain momentum in mid to late 2026. These factors, combined with the expectation of revenue and EPS growth in fiscal 2026, make any current weakness in shares an attractive buying opportunity for investors with a longer-term perspective.
In another report released on October 28, Barrington also maintained a Buy rating on the stock with a $107.00 price target.