Novanta Inc. (NOVT)
NASDAQ: NOVT · Real-Time Price · USD
124.99
+2.33 (1.90%)
Jul 22, 2025, 3:24 PM - Market open

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 a 28.01% increase from the current stock price of 124.99.

Price Target: $160 (+28.01%)
Analyst Consensus: Hold
TargetLowAverageMedianHigh
Price$160$160$160$160
Change+28.01%+28.01%+28.01%+28.01%
* Price targets were last updated on Mar 3, 2025.

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

RatingFeb '25Mar '25Apr '25May '25Jun '25Jul '25
Strong Buy000000
Buy000000
Hold111111
Sell000000
Strong Sell000000
Total111111

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Baird
Baird
Hold
Maintains
$169$160
HoldMaintains$169$160+28.01%Mar 3, 2025
Baird
Baird
Hold
Maintains
$175$169
HoldMaintains$175$169+35.21%Nov 6, 2024
Baird
Baird
Hold
Maintains
$170$175
HoldMaintains$170$175+40.01%Aug 7, 2024
Baird
Baird
Hold
Maintains
$150$161
HoldMaintains$150$161+28.81%May 11, 2023
William Blair
William Blair
Buy
Upgrades
n/a
BuyUpgradesn/an/aMay 11, 2022
More Analyst Ratings

Financial Forecast

Revenue This Year
1.00B
from 949.25M
Increased by 5.66%
Revenue Next Year
1.08B
from 1.00B
Increased by 7.58%
EPS This Year
3.44
from 1.77
Increased by 94.20%
EPS Next Year
4.13
from 3.44
Increased by 20.28%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026Dec 31, 2027
Revenue
590.62M706.79M860.90M881.66M949.25M1.00B1.08B1.17B
Revenue Growth
-5.67%19.67%21.80%2.41%7.66%5.66%7.58%8.71%
EPS
1.251.412.062.021.773.444.13-
EPS Growth
8.70%12.80%46.10%-1.94%-12.38%94.20%20.28%-
Forward PE
-----36.3630.23-
No. Analysts
-----663
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue202520262027
High1.0B1.1B1.2B
Avg1.0B1.1B1.2B
Low960.2M1.0B1.1B

Revenue Growth

Revenue Growth202520262027
High
9.5%
11.5%
11.9%
Avg
5.7%
7.6%
8.7%
Low
1.2%
2.7%
4.4%

EPS Forecast

EPS20252026
High3.614.42
Avg3.444.13
Low3.253.87

EPS Growth

EPS Growth20252026
High
104.1%
28.6%
Avg
94.2%
20.3%
Low
83.8%
12.6%
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.