Baird Reiterates Buy Rating on ICON Public Limited Company
Baird maintains its Buy stance on ICON, setting a $186 price target, a 9.50% upside from the current price.
Key Points
- On June 25, 2026, Baird reiterated its Buy rating on ICON Public Limited Company (NasdaqGS: ICLR) with a price target of $186.
- Baird's $186 price target implies 9.50% upside from ICON Public Limited Company's ($ICLR) current $169.86 share price.
- ICON's stock traded at $158.17 on Thursday with a market cap of approximately $10.78 billion and a forward P/E ratio of 12.03.
- Recent insider activity at ICON included both buying and selling of shares by executives on May 14, 2026.
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On June 25, 2026, Baird reiterated its Buy rating for ICON Public Limited Company (NasdaqGS: ICLR). The firm set a price target of $186, indicating confidence in the company's prospects. Analyst Eric Coldwell led the review, which did not alter the previous target.
Baird vs. the S&P 500
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ICON Public Limited Company Stock Down 0.1%
Shares of NasdaqGS:ICLR traded at $158.17 on Thursday. ICON Public Limited Company boasts a market cap of about $10.78 billion with a P/E ratio of 48.36 and a forward P/E of 12.03. The stock has seen a 52-week low of $66.57 and a high of $211.00. ICON's beta is 1.271, indicating it is somewhat more volatile than the market. The company's 50-day moving average stands at $124.49, while the 200-day moving average is $149.71.
$ICLR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
ICON's revenue reached approximately $8.25 billion, with a growth rate of 12.4%. The company's earnings per share (EPS) is $2.91, and it reported a net margin of 2.78%. Return on equity (ROE) is 2.46%. ICON is expected to announce its next earnings on June 23, 2026.
Insider Buying and Selling at ICON Public Limited Company
On May 14, 2026, several insiders at ICON engaged in share transactions. John Climax and Ronan Martin Murphy both bought and sold 5,005 shares each. Eugene Pacelli McCague bought 3,255 shares. These transactions were not part of a pre-arranged trading plan.
Analysts Set New Price Targets
On June 25, 2026, B of A Securities maintained a Sell rating on ICON with a $150 price target. Barclays maintained its Hold rating with a $160 target on June 24, 2026. TD Cowen also maintained a Buy rating, setting a target of $164 on June 1, 2026. The consensus among analysts is a Buy rating, with a mean price target of $154.19 based on 16 opinions.
About ICON Public Limited Company
ICON Public Limited Company, headquartered in Dublin, Ireland, is a clinical research organization offering outsourced development and commercialization services globally. Founded in 1989, it specializes in clinical trials management and data solutions, serving pharmaceutical, biotechnology, and medical device industries. With approximately 40,100 employees, ICON is led by CEO Barry Balfe.
Bottom Line
Baird's reiteration of a Buy rating and a $186 target for ICON reflects ongoing confidence in the company's growth potential. Investors often watch these ratings for insights into future performance. However, it's important to remember that analyst ratings are projections and not guarantees.
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