Novanta Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, Novanta stock has a consensus rating of "Strong Buy" and an average price target of $175. The average 1-year stock price forecast is 12.69% higher than the current stock price, while the lowest is $170 (+9.47%) and the highest is $180 (+15.90%).

Price Target: $175 (+12.69%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$170	$175	$175	$180
Change	+9.47%	+12.69%	+12.69%	+15.90%

* Price targets were last updated on May 13, 2026.

Analyst Ratings

The average analyst rating for Novanta stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	1	1	2	2	2	2
Buy	1	1	1	1	1	1
Hold	1	1	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brian Drab William Blair	William Blair	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Jun 3, 2026
Quinn Fredrickson Robert W. Baird	Robert W. Baird	Buy Maintains $144 → $173	Buy	Maintains	$144 → $173	+11.40%	May 13, 2026

Financial Forecast

Revenue This Year

1.05B

from 980.60M

7.42%

from 980.60M

Revenue Next Year

1.13B

from 1.05B

6.82%

from 1.05B

EPS This Year

3.59

from 3.29

9.12%

from 3.29

EPS Next Year

4.14

from 3.59

15.41%

from 3.59

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	706.79M	860.90M	881.66M	949.25M	980.60M	1.05B
Revenue Growth	19.67%	21.80%	2.41%	7.66%	3.30%	7.42%
Gross Profit	301.74M	378.63M	399.90M	424.32M	435.28M	485.23M
Gross Margin	42.69%	43.98%	45.36%	44.70%	44.39%	46.07%
Operating Income	83.09M	107.83M	122.55M	126.50M	116.10M	192.89M
Net Income	50.33M	74.05M	72.88M	64.09M	53.83M	102.26M
EPS	-	-	-	-	3.29	3.59
EPS Growth	-	-	-	-	6.82%	9.12%
Forward PE	60.23	42.36	58.24	44.41	32.87	43.26
Free Cash Flow	94.92M	29.78M	96.90M	138.84M	64.27M	158.70M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027
High	1.1B
Avg	1.1B
Low	1.1B

Revenue Growth

Revenue Growth	2026	2027
High	7.5%
Avg	7.4%
Low	7.3%

EPS Forecast

EPS	2026	2027
High	3.62
Avg	3.59
Low	3.55

EPS Growth

EPS Growth	2026	2027
High	10.0%
Avg	9.1%
Low	7.9%