Icf International, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Kevin Steinke from Barrington maintained a Buy rating on the stock and has a $107.00 price target.
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Kevin Steinke has given his Buy rating due to a combination of factors that suggest a positive outlook for ICF International. One significant reason is the recent stabilization in the company’s federal government business, which had previously faced challenges due to contract cancellations and slower procurement activities. This stabilization indicates that the worst of the revenue decline may have passed, with the maximum expected decline now likely to be in the high-single digits rather than the previously anticipated 10% drop.
Additionally, ICF’s growth in other sectors, such as its commercial energy business, which saw a revenue increase of over 20% in the first half of 2025, provides a strong counterbalance to the federal headwinds. The company’s international government business is also expected to grow due to recent contract wins. These factors, combined with the anticipated resumption of revenue and earnings growth in 2026, underpin Steinke’s optimistic Buy rating for ICF International.
Steinke covers the Industrials sector, focusing on stocks such as Kelly Services, ACCO Brands, and Huron Consulting. According to TipRanks, Steinke has an average return of 15.0% and a 59.88% success rate on recommended stocks.
In another report released on September 20, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $105.00 price target.