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 1.61% from the current stock price of 166.33.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$169	$169	$169	$169
Change	+1.61%	+1.61%	+1.61%	+1.61%

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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	0	0	0	0
Buy	1	1	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	2	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Robert Mason Baird	Baird	Hold Maintains $175 → $169	Hold	Maintains	$175 → $169	+1.61%	Nov 6, 2024
Robert Mason Baird	Baird	Hold Maintains $170 → $175	Hold	Maintains	$170 → $175	+5.21%	Aug 7, 2024
Robert Mason Baird	Baird	Hold Maintains $150 → $161	Hold	Maintains	$150 → $161	-3.20%	May 11, 2023
Brian Drab William Blair	William Blair	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	May 11, 2022
Brian Drab William Blair	William Blair	Buy Initiates n/a	Buy	Initiates	n/a	n/a	Feb 27, 2018

More Analyst Ratings

Financial Forecast

Revenue This Year

976.45M

from 881.66M

10.75%

from 881.66M

Revenue Next Year

1.07B

from 976.45M

9.68%

from 976.45M

EPS This Year

3.28

from 2.02

62.26%

from 2.02

EPS Next Year

4.10

from 3.28

25.21%

from 3.28

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	626.10M	590.62M	706.79M	860.90M	881.66M	976.45M	1.07B
Revenue Growth	1.91%	-5.67%	19.67%	21.80%	2.41%	10.75%	9.68%
EPS	1.15	1.25	1.41	2.06	2.02	3.28	4.10
EPS Growth	-19.58%	8.70%	12.80%	46.10%	-1.94%	62.26%	25.21%
Forward PE	-	-	-	-	-	50.75	40.53
No. Analysts	-	-	-	-	-	5	5

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

Revenue Forecast

Revenue	2024	2025
High	1.0B	1.1B
Avg	976.5M	1.1B
Low	931.1M	1.0B

Revenue Growth

Revenue Growth	2024	2025
High	15.7%	15.1%
Avg	10.8%	9.7%
Low	5.6%	4.3%

EPS Forecast

EPS	2024	2025
High	3.47	4.33
Avg	3.28	4.10
Low	2.98	3.82

EPS Growth

EPS Growth	2024	2025
High	71.5%	32.0%
Avg	62.3%	25.2%
Low	47.5%	16.6%

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.