CRA International

CRAI · NASDAQ

$179.89+$1.90 (+1.07%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $177.99

CRAI analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $255.51 (+42.0% upside)

Low: $247.45
Now: $179.89
High: $268.80

Upgrades and downgrades

The latest rating actions, newest first

CRAI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barrington Research	Mar 2, 2026	Maintains	Outperform	$245.00	59%
Barrington Research	Jan 5, 2026	Maintains	Outperform	$239.00 → $245.00	59%
Barrington Research	Nov 24, 2025	Maintains	Outperform	$239.00	59%
Barrington Research	Nov 3, 2025	Maintains	Outperform	$235.00 → $239.00	59%

The case for and against

Updated May 12, 2026

Bull case

CRA Intl is a consulting firm that provides economic, financial, and management consulting services. The company's financials are strong, with revenue growth in 2025 exceeding guidance and increasing 9.3% YOY, and adjusted cash flow from operations increasing to $108.4 million. Despite a 14% YTD 2026 decrease in its stock price, CRA's favorable demand environment and strong performance in its consulting practices, particularly in the Antitrust & Competition Economics practice, support our positive outlook. Additionally, the company's focus on innovation, including the use of artificial intelligence, and its commitment to returning excess capital to shareholders through share repurchases, further reinforce our belief in CRA's strong long-term potential.

Bear case

CRA Intl is facing declining gross margins due to increased forgivable loan amortization, and while its non-GAAP EBITDA margin for fiscal year 2025 was within its guidance range, it was still down from the previous year. Additionally, the company's treatment of forgivable loan amortization and its lack of an add-back to calculate non-GAAP EBITDA may be misleading to investors. Lastly, while the company has a share buyback program in place, it may not be enough to offset the negative impact of declining margins.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.