Icon (ICLR, Financial) continues to be a focal point for investors following the latest analysis from Evercore ISI Group. The firm, through analyst Ross Muken, has maintained its "Outperform" rating for the stock. This reaffirms the confidence in the company's potential to deliver robust returns in the near future.
In addition to maintaining its rating, Evercore ISI Group has also raised its price target for Icon (ICLR, Financial) from $155.00 to $170.00. This represents an approximate 9.68% increase, showcasing a positive outlook for the company’s future performance and market position.
The stock, listed on the NASDAQ, is seen as a strong contender in its industry, and this latest adjustment reflects the analyst's expectations of Icon (ICLR, Financial) continuing to perform well in the market. Investors will be monitoring the stock closely as the company moves forward with its business strategies and growth plans.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Icon PLC (ICLR, Financial) is $177.33 with a high estimate of $250.00 and a low estimate of $144.00. The average target implies an upside of 16.99% from the current price of $151.58. More detailed estimate data can be found on the Icon PLC (ICLR) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Icon PLC's (ICLR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Icon PLC (ICLR, Financial) in one year is $248.49, suggesting a upside of 63.93% from the current price of $151.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Icon PLC (ICLR) Summary page.
