ICON PLC (NASDAQ: ICLR) saw a 16.13% increase in share prices on Friday, closing at $93 per share after a positive investment firm coverage reaffirmation. TD Cowen maintained a $183 price target, predicting a 97% upside potential. The delay in earnings release for Q4 and full-year 2025 did not deter the rally.

Despite concerns over delayed earnings reports for 2025, ICON PLC (NASDAQ: ICLR) is conducting an internal investigation into accounting practices and controls. Preliminary findings suggest revenue may have been overstated by less than two percent in 2023 and 2024. The company aims to report any material weaknesses by April 30, 2026.

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Read more at Yahoo Finance: ICON PLC (ICON) Soars 16% as Analyst Issues ‘Hold’, $93 PT Despite Accounting Concerns