BofA upgrades ICON to Neutral and raises target for ICLR stock

Published on 10/13/2026 at 04:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA raised ICON's target to USD 185.00 on October 9, 2026. The October 27, 2026 results date gives ICLR stock a near-term event.

Key points in brief

Bank of America upgraded ICON from Underperform to Neutral and raised its price target from USD 160.00 to USD 185.00 on October 9, 2026.
ICON reported USD 2.06 billion in second-quarter 2026 revenue and USD 0.94 in diluted earnings per share.
ICON scheduled its third-quarter 2026 results for October 27, 2026, followed by a conference call on October 28, 2026.

ICLR, IE0005711209, Illustration mit AI erstellt.

Bank of America upgraded ICON from Underperform to Neutral and raised its price target from USD 160.00 to USD 185.00 on October 9, 2026, according to Markets Insider. The move gives ICON stock a fresh analyst reference ahead of the company's next results.

Analyst target moves higher

The USD 185.00 target is USD 25.00 above BofA's previous USD 160.00 target, a 15.63 percent increase. The rating change also marks a shift from a negative view to a neutral stance, while the analyst cited a healthier contract research demand backdrop and sustained direct-fee bookings.

MarketBeat reported that ICON's second-quarter 2026 revenue reached USD 2.06 billion, up 2.30 percent year over year, while earnings per share came in at USD 2.56 against USD 2.55 consensus. Its analyst table showed a USD 174.73 average target across 18 analysts and a Hold consensus, according to MarketBeat.

What does the next report test?

ICON's latest standardized financial data show USD 2.06 billion in revenue and USD 0.94 in diluted earnings per share for the second quarter of 2026. Net income was USD 72.6 million in that period, giving investors three concrete measures for judging whether booking strength is translating into profitability.

Three dated signals for ICLR

On July 30, 2026, ICON reported second-quarter revenue of USD 2.06 billion and adjusted earnings of USD 2.56 per share, as reported by Investing.com. On September 30, 2026, UBS resumed coverage with a Neutral rating and a USD 195.00 target, while its report identified pressure from the flexible staffing mix, pricing and market-share shifts, according to Investing.com. The latest event was the October 9 BofA upgrade to Neutral with a USD 185.00 target.

Results dates are set

ICON will release third-quarter 2026 results after the market closes on October 27, 2026, and will hold its earnings call on October 28, 2026 at 8:00 a.m. ET, according to Business Wire. The company had 40,200 employees in 99 locations across 55 countries as of June 30, 2026, according to the same release.

Market value and trading context

ICON's market capitalization was USD 12.6 billion on October 12, 2026. Its 52-week range was USD 66.57 to USD 203.91, placing the latest quoted primary-market context below the annual high and above the annual low.

Market report S&P 500.