ICF International (ICFI) has recently faced multiple analyst downgrades, which could negatively impact its stock price. Canaccord Genuity downgraded the stock from Buy to Hold and lowered the price target from $200 to $100, citing concerns over revenue and earnings guidance for 2025. Similarly, Barrington analyst Kevin Steinke reduced the price target from $174 to $102 while maintaining an Outperform rating. These downgrades indicate a shift in market sentiment towards a more cautious outlook for ICFI.
The technical analysis for ICFI shows bearish signals. The Relative Strength Index (RSI) values are below 50 (RSI_6: 47.72, RSI_12: 36.06, RSI_14: 34.81), indicating a bearish trend. The MACD is negative (-8.11), and the Stochastic Oscillator is at 40.46 (StochK) and 34.36 (StochD), suggesting the stock is oversold. The Fibonacci levels show a pivot point at $87.63, with resistance levels at $97.61 and $103.78, and support levels at $77.64 and $71.47.
Given the bearish technical indicators and negative analyst sentiment, ICFI's stock is expected to continue its downward trend. The stock is likely to test the lower Fibonacci support level of $77.64 in the next trading week.
Predicted Price: $77.64
Recommendation: Sell or avoid buying ICFI stock in the short term due to the bearish outlook.
The price of ICFI is predicted to go up 3.05%, based on the high correlation periods with CANF. The similarity of these two price pattern on the periods is 98.84%.
ICFI
CANF
Barrington Research
2025-03-03
Price Target
$174 → $102
Upside
+31.31%
Truist Securities
2024-11-22
Price Target
$180 → $140
Upside
+4.25%
Sidoti & Co.
2024-11-19
Price Target
$185
Upside
+38.62%