WEBULL

ICF International (ICFI): Assessing Valuation After Analyst Upgrade and 2026 Growth Outlook Refresh

Simply Wall St · 1d ago

ICF International (ICFI) caught traders attention after a Canaccord Genuity analyst upgrade pushed the stock up about 4%, as investors latched onto renewed growth expectations and managements steady guidance.

See our latest analysis for ICF International.

The move comes after a tough stretch, with the share price down sharply on a year to date basis and the 1 year total shareholder return also negative. However, the recent 7 day and 30 day share price gains suggest momentum may be stabilizing as investors warm to the 2026 growth story.

If this kind of sentiment shift has you thinking about where else leadership and execution might be underappreciated, it could be a good moment to explore fast growing stocks with high insider ownership.

Yet with the shares still down heavily over the past year but trading closer to a refreshed price target, investors now face a key question: is ICF International undervalued, or is the market already pricing in that 2026 rebound?

Most Popular Narrative: 19.0% Undervalued

Compared to ICF International's last close at $83.61, the most followed narrative points to a meaningfully higher fair value anchored in long term contracts and margins.

Sequential improvements in procurement activity and a strong book to bill ratio (>1.3), together with a ramp up in international contract wins, point to an accelerating backlog conversion and higher revenue visibility over the next 12 to 24 months.

Read the complete narrative.

Want to see what kind of revenue path and steady margins could support that higher price tag? The narrative leans on disciplined profitability, share count changes, and a future earnings multiple that rivals the broader professional services space. Curious which specific earnings and revenue trajectory make that discount rate work in favor of this valuation? Dive in to unpack the full projection set.

Result: Fair Value of $103.25 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent federal funding delays and intense competition in AI driven consulting could easily derail those optimistic margin and valuation assumptions.

Find out about the key risks to this ICF International narrative.

Build Your Own ICF International Narrative

If you see the outlook differently or want to stress test the assumptions yourself, you can build a custom view of ICF International in under three minutes: Do it your way.

A great starting point for your ICF International research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

Looking for your next high conviction idea?

Before markets move on without you, lock in a few fresh watchlist candidates using Simply Wall St’s screeners tailored to distinct, opportunity rich niches.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.