Kevin Steinke, an analyst from Barrington, maintained the Buy rating on Cra International. The associated price target is $235.00.
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Kevin Steinke has given his Buy rating due to a combination of factors that highlight the strong performance and promising outlook for Charles River Associates (CRA). A significant contributor to this positive assessment is the robust performance of CRA’s largest consulting practice, Antitrust & Competition Economics (A&CE), which has consistently generated substantial revenue even amidst varying economic conditions. Notably, the A&CE practice achieved record-high quarterly revenue in the first two quarters of 2025, despite a slowdown in global M&A activity.
Furthermore, CRA’s management has expressed confidence in the company’s long-term growth prospects, projecting a growth trajectory over the next five years similar to the past five years’ performance. This optimism is supported by a compound annual revenue growth rate of 8.8% from 2019 to 2024 and plans to invest in new talent across several consulting practices. Additionally, CRA’s financial health is underscored by its ability to return excess capital to shareholders through share repurchases and dividends, reflecting a strong cash flow position that supports both growth initiatives and shareholder returns.