ICLR Price Prediction Next Week
Technical Analysis: Based on recent price action, ICLR shows a bearish trend in the short term. The stock closed at $190.02 on February 28, 2025, with a daily trading range of $187.93 to $190.60. The stock has shown increased volatility with daily average movements of 2.75% over the past week.
Support and Resistance Levels:
- Key support level: $188.65 (current volume-based support)
- Resistance levels: $196.53 and $198.13
Price Forecast: Technical indicators suggest a bearish outlook with an expected decline of 11.05% over the next 3 months. The price is projected to trade between $158.64 and $184.61 with 90% probability.
Fundamental Analysis & Analyst Ratings:
- Strong Buy consensus from analysts with average price target of $256.50, indicating 27.36% upside potential
- Recent analyst actions:
- RBC Capital: Buy rating, PT $263.00
- Evercore ISI: Buy rating, PT $225.00
- Truist Financial: Buy rating
Risk Factors:
- Negative insider sentiment with increased selling activity in recent months
- Latest quarterly results showed:
- Revenue: $2.04 billion
- Net profit: $260 million
- Slight decline in revenue compared to previous year ($2.07 billion)
Trading Recommendation: SELL with target price of $158-$184 range over next 3 months. Despite positive analyst ratings, the combination of:
- Negative insider sentiment
- Bearish technical indicators
- Declining revenue
- Current market position within a falling trend
suggests taking a cautious approach and waiting for better entry points.
ICLR Similar Chart Price Prediction
The price of ICLR is predicted to go up 36.45%, based on the high correlation periods with LCID. The similarity of these two price pattern on the periods is 94.62%.
ICLR
LCID
Up: 36.45%Similarity: 94.62%
ICLR Revenue Forecast
ICLR EPS Forecast
ICLR FAQs
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ICLR VS S&P500
Icon is highly exposed to the late-stage CRO industry, which due to its complexity is conducive to long-term competitive advantages.
The company's operational discipline should support strong earnings growth and high returns as Icon expands.
As an Irish company, Icon benefits from a lower tax rate than many of its peers based in the United States.
ICLR Analyst's Forecast
Eric Coldwell
Baird
Hold
2025-03-04
Price Target
$221 → $203
Upside
+10.55%
Baird analyst Eric Coldwell lowered the firm's price target on Icon to $203 from $221 and keeps a Neutral rating on the shares. The firm updated its model following Q4 results.
Luke Sergott
Barclays
Buy
2025-02-21
Price Target
$275 → $240
Upside
+19.17%
Sean Dodge
RBC Capital
Buy
2025-01-07
Price Target
$263
Upside
+18.16%
