Positive Outlook for ICF International: Stabilization and Growth Drive Buy Rating
Kevin Steinke has issued a Buy rating for ICF International, citing stabilization in its federal government business and growth in its commercial energy sector, which saw over 20% revenue increase in H1 2025. The anticipated revenue decline is now expected to be in the high-single digits, with growth projected in international government contracts. Steinke's positive outlook is supported by expected revenue and earnings growth in 2026. He has a 15.0% average return and a 59.88% success rate on stock recommendations. TR | OpenAI also reiterated a Buy rating with a $105.00 price target.
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.
