Novanta Inc. (NOVT)
NASDAQ: NOVT · Real-Time Price · USD
153.50
+0.04 (0.03%)
Dec 20, 2024, 4:00 PM EST - Market closed
Novanta Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Novanta stock has a target of 169, which predicts an increase of 10.10% from the current stock price of 153.50.
Analyst Consensus: Hold
* Price targets were last updated on Nov 6, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for Novanta is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $175 → $169 | Hold | Maintains | $175 → $169 | +10.10% | Nov 6, 2024 |
| Baird | Baird | Hold Maintains $170 → $175 | Hold | Maintains | $170 → $175 | +14.01% | Aug 7, 2024 |
| Baird | Baird | Hold Maintains $150 → $161 | Hold | Maintains | $150 → $161 | +4.89% | May 11, 2023 |
| William Blair | William Blair | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | May 11, 2022 |
| William Blair | William Blair | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Feb 27, 2018 |
Financial Forecast
Revenue This Year
970.51M
from 881.66M
Increased by 10.08%
Revenue Next Year
1.06B
from 970.51M
Increased by 9.43%
EPS This Year
3.09
from 2.02
Increased by 53.17%
EPS Next Year
3.87
from 3.09
Increased by 24.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.0B | 1.1B | 1.2B |
| Avg | 970.5M | 1.1B | 1.1B |
| Low | 931.1M | 1.0B | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.5% | 12.9% | 11.4% |
| Avg | 10.1% | 9.4% | 7.5% |
| Low | 5.6% | 4.9% | 2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.19 | 4.10 | 4.83 |
| Avg | 3.09 | 3.87 | 4.52 |
| Low | 2.97 | 3.61 | 4.22 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 58.0% | 32.4% | 24.9% |
| Avg | 53.2% | 24.9% | 16.8% |
| Low | 47.0% | 16.6% | 9.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.