ICON PLC (ICLR)
NASDAQ: ICLR · IEX Real-Time Price · USD
318.99
+4.27 (1.36%)
May 20, 2024, 9:25 AM EDT - Market open
ICON PLC Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for ICON PLC stock have an average target of 339.44, with a low estimate of 300 and a high estimate of 367. The average target predicts an increase of 6.41% from the current stock price of 318.99.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ICON PLC stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 6 | 5 |
| Buy | 3 | 3 | 4 | 4 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 10 | 10 | 11 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $343 → $349 | Strong Buy | Maintains | $343 → $349 | +9.41% | Apr 26, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $350 → $330 | Buy | Maintains | $350 → $330 | +3.45% | Apr 26, 2024 |
| Baird | Baird | Buy Maintains $362 → $363 | Buy | Maintains | $362 → $363 | +13.80% | Apr 26, 2024 |
| Baird | Baird | Buy Maintains $345 → $362 | Buy | Maintains | $345 → $362 | +13.48% | Apr 4, 2024 |
| Mizuho | Mizuho | Strong Buy Reiterates $346 | Strong Buy | Reiterates | $346 | +8.47% | Apr 4, 2024 |
Financial Forecast
Revenue This Year
8.81B
from 8.12B
Increased by 8.48%
Revenue Next Year
9.45B
from 8.81B
Increased by 7.30%
EPS This Year
15.24
from 7.40
Increased by 105.99%
EPS Next Year
17.39
from 15.24
Increased by 14.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.2B | 9.9B | 10.7B | 11.3B | 12.0B |
| Avg | 8.8B | 9.5B | 10.1B | 10.9B | 11.6B |
| Low | 8.3B | 8.8B | 9.4B | 10.3B | 11.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.2% | 12.5% | 12.9% | 11.9% | 10.5% |
| Avg | 8.5% | 7.3% | 7.1% | 7.5% | 6.5% |
| Low | 2.5% | 0.2% | -1.0% | 1.5% | 1.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.92 | 18.27 | 20.74 | 22.90 | 22.62 |
| Avg | 15.24 | 17.39 | 19.49 | 20.54 | 21.77 |
| Low | 14.36 | 15.24 | 16.32 | 18.18 | 20.73 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 115.1% | 19.9% | 19.3% | 17.5% | 10.1% |
| Avg | 106.0% | 14.1% | 12.0% | 5.4% | 6.0% |
| Low | 94.0% | -0.0% | -6.2% | -6.7% | 0.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.