In the recent bout of trading, shares of ICF International Inc (Symbol: ICFI) have crossed above the average analyst 12-month target price of $150.75, notching $152.75/share. As the stock attains the analyst-predicted target, experts face a pivotal decision—regard the valuation or adjust the target price upwards based on developmental breakthroughs nurturing the stock’s surge.

Thus far, there are 4 distinctive analyst targets contributing to ICF International Inc’s average within the Zacks coverage universe—however, the average stands merely as a statistical mean. Analyst projections encompass both lower and higher targets than the average; whereas one expert eyes $140.00, another sets sights on $170.00. The standard deviation amounts to $13.25.

The purpose for contemplating the average ICFI price target is to harness the collective wisdom of the crowd—a concerted effort that amalgamates the individual contributions of uncountable minds into this ultimate number, diverging from the standpoint of a single expert. Hence, ICFI’s exceeding the average target price of $150.75/share denotes an auspicious cue for investors to reevaluate the company—a juncture to ponder if $150.75 is just a pitstop en route to a greater target or conversely, if the valuation has extended to the extent that appraising a partial withdrawal is prudent.

The average rating in the last row follows a scale from 1 to 5; where 1 equates to Strong Buy and 5 implies Strong Sell. Data utilized in this article is furnished by Zacks Investment Research via Quandl.com. Access the latest Zacks research report on ICFI — FREE.

Discover 10 ETFs With Most Upside To Analyst Targets »

Also see:

• NDSN market cap history
• GSH Options Chain
• ROSE shares outstanding history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.