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Novanta Inc. (NOVT)
NASDAQ: NOVT · IEX Real-Time Price · USD
150.02
-4.48 (-2.90%)
Apr 18, 2024, 4:00 PM EDT - Market closed

Novanta Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Novanta stock has a target of 161, which predicts an increase of 7.32% from the current stock price of 150.02.

Analyst Consensus: Hold
Target Low Average Median High
Price $161 $161 $161 $161
Change +7.32% +7.32% +7.32% +7.32%
* Price targets were last updated on May 11, 2023.

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 Mar '23Apr '23May '23
Strong Buy 000
Buy 110
Hold 001
Sell 000
Strong Sell 000
Total 111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Robert Mason
Baird
 Baird
Hold
Maintains
$150 → $161
 Hold Maintains $150 → $161 +7.32% May 11, 2023
Brian Drab
William Blair
 William Blair
Buy
Upgrades
n/a
 Buy Upgrades n/a n/a May 11, 2022
More Analyst Ratings

Financial Forecast

Revenue This Year
1.01B
from 881.66M
Increased by 14.44%
Revenue Next Year
1.11B
from 1.01B
Increased by 10.01%
EPS This Year
3.32
from 2.02
Increased by 64.11%
EPS Next Year
4.16
from 3.32
Increased by 25.44%
Year 2019202020212022202320242025
Revenue
626.10M590.62M706.79M860.90M881.66M1.01B1.11B
Revenue Growth
1.91%-5.67%19.67%21.80%2.41%14.44%10.01%
EPS
1.151.251.412.062.023.324.16
EPS Growth
-19.58%8.70%12.80%46.10%-1.94%64.11%25.44%
No. Analysts -----55
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 1.0B 1.1B
Avg 1.0B 1.1B
Low 966.3M 1.1B

Revenue Growth

Revenue Growth 20242025
High
18.5%
13.4%
Avg
14.4%
10.0%
Low
9.6%
5.6%

EPS Forecast

EPS 20242025
High 3.47 4.36
Avg 3.32 4.16
Low 3.16 3.91

EPS Growth

EPS Growth 20242025
High
71.5%
31.4%
Avg
64.1%
25.4%
Low
56.2%
18.0%
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.