Novanta Inc. (NOVT)

Novanta Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Novanta stock has a target of 160, which predicts an increase of 25.59% from the current stock price of 127.40.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$160	$160	$160	$160
Change	+25.59%	+25.59%	+25.59%	+25.59%

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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	0	0	0	0	0	0
Buy	0	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	1	1	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Robert Mason Baird	Baird	Hold Maintains $169 → $160	Hold	Maintains	$169 → $160	+25.59%	Mar 3, 2025
Robert Mason Baird	Baird	Hold Maintains $175 → $169	Hold	Maintains	$175 → $169	+32.66%	Nov 6, 2024
Robert Mason Baird	Baird	Hold Maintains $170 → $175	Hold	Maintains	$170 → $175	+37.37%	Aug 7, 2024
Robert Mason Baird	Baird	Hold Maintains $150 → $161	Hold	Maintains	$150 → $161	+26.38%	May 11, 2023
Brian Drab William Blair	William Blair	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	May 11, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

1.02B

Increased by 7.24%

from 949.25M

Revenue Next Year

1.09B

Increased by 7.07%

from 1.02B

EPS This Year

3.87

Increased by 118.41%

from 1.77

EPS Next Year

4.52

Increased by 16.80%

from 3.87

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	590.62M	706.79M	860.90M	881.66M	949.25M	1.02B	1.09B
Revenue Growth	-5.67%	19.67%	21.80%	2.41%	7.66%	7.24%	7.07%
EPS	1.25	1.41	2.06	2.02	1.77	3.87	4.52
EPS Growth	8.70%	12.80%	46.10%	-1.94%	-12.38%	118.41%	16.80%
Forward PE	-	-	-	-	-	32.95	28.21
No. Analysts	-	-	-	-	-	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	1.1B	1.1B
Avg	1.0B	1.1B
Low	975.4M	1.0B

Revenue Growth

Revenue Growth	2025	2026
High	10.6%	10.8%
Avg	7.2%	7.1%
Low	2.8%	2.0%

EPS Forecast

EPS	2025	2026
High	4.10	4.83
Avg	3.87	4.52
Low	3.61	4.22

EPS Growth

EPS Growth	2025	2026
High	131.4%	24.9%
Avg	118.4%	16.8%
Low	103.8%	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.