William Blair analyst Tim Mulrooney has maintained their bullish stance on ICFI stock, giving a Buy rating on July 29.
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Tim Mulrooney has given his Buy rating due to a combination of factors, including ICF International’s improved outlook for 2025 and anticipated growth in 2026. The company’s management has updated their guidance, expecting earnings per share for 2025 to reach the higher end of previous estimates, indicating a more optimistic financial trajectory.
Furthermore, the federal business, which had seen significant contract cancellations earlier, appears to be stabilizing with only a minimal number of contracts canceled in the recent quarter. This stabilization, coupled with management’s expectations of returning to revenue and earnings growth by 2026, supports a positive outlook. Despite some risks associated with the upcoming third quarter, the company is witnessing a normal rhythm in contract activations, suggesting potential for future growth.
In another report released on July 29, TR | OpenAI – 4o also upgraded the stock to a Buy with a $94.00 price target.