Icon Energy Corp experienced a price decline of 5.28%, crossing below its 5-day SMA. This movement occurs in the context of a broader market rally, with the Nasdaq-100 up 0.94% and the S&P 500 up 0.67%.
The decline in Icon Energy Corp's stock price is attributed to sector rotation, as investors shift their focus towards other sectors despite the overall market strength. This suggests that while the market is performing well, certain stocks, including Icon Energy Corp, are experiencing downward pressure due to changing investor preferences.
This price movement may indicate a need for investors to reassess their positions in Icon Energy Corp, especially as the company navigates through a competitive landscape where sector dynamics can significantly impact stock performance.
Wall Street analysts forecast ICON stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ICON is 2.00 USD with a low forecast of 2.00 USD and a high forecast of 2.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast ICON stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ICON is 2.00 USD with a low forecast of 2.00 USD and a high forecast of 2.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.060
Low
2.00
Averages
2.00
High
2.00
Current: 2.060
Low
2.00
Averages
2.00
High
2.00
Mizuho
Outperform
to
NULL
downgrade
$225 -> $216
2026-01-09
Reason
Mizuho
Price Target
$225 -> $216
AI Analysis
2026-01-09
downgrade
Outperform
to
NULL
Reason
Mizuho lowered the firm's price target on Icon to $216 from $225 and keeps an Outperform rating on the shares. The firm updated targets in the healthcare facilities and managed care group as part of a Q4 preview. Mizuho's physician survey indicated healthcare utilization growth trends decelerated sequentially despite easier year-over-year comps, which could indicate trend is peaking, the analyst tells investors in a research note.
Baird
Outperform -> Outperform
downgrade
$220 -> $217
2026-01-09
Reason
Baird
Price Target
$220 -> $217
2026-01-09
downgrade
Outperform -> Outperform
Reason
Baird lowered the firm's price target on Icon to $217 from $220 and keeps an Outperform rating on the shares.
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Truist
Buy
to
Hold
downgrade
$231 -> $222
2026-01-08
Reason
Truist
Price Target
$231 -> $222
2026-01-08
downgrade
Buy
to
Hold
Reason
Truist downgraded Icon to Hold from Buy with a price target of $222, down from $231. The firm cites the company's limited visibility into cancellation levels, "muted" revenue growth, and margin pressures likely to persist in 2026 for the downgrade. 2026 could be another transition year for Icon with limited growth, the analyst tells investors in a research note.
Barclays
Luke Sergott
Equal Weight
maintain
$185 -> $200
2025-12-15
Reason
Barclays
Luke Sergott
Price Target
$185 -> $200
2025-12-15
maintain
Equal Weight
Reason
Barclays analyst Luke Sergott raised the firm's price target on Icon to $200 from $185 and keeps an Equal Weight rating on the shares. The firm adjusted ratings and price targets in the life sciences and diagnostics tools space as part of its 2026 outlook. The last of the estimate cuts, recovering end markets and tools being the "most under-owned space in healthcare" creates a "great setup" for outperformance of the tools group in 2026, the analyst tells investors in a research note.
About ICON
Icon Energy Corp is a Greece-based holding company incorporated in the Republic of Marshall Islands for the purpose of acquiring, owning, chartering and operating dry bulk vessels through its subsidiaries. The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of dry bulk vessels, such as the Panamax vessel M/V Alfa, and others, as it is intends to charter its vessels to regional and international dry bulk operators, commodity traders and other customers primarily on time charters (either index-linked or fixed rate) or voyage charters. Dry bulk vessels of the Company are able to transport such bulks as iron ore, coal, grains and bauxite, as well as other bulks, including but not limited to steel, sugar, fertilizers, cement and scrap metal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
