IMAX’s (IMAX) “Buy” Rating Reaffirmed at Rosenblatt Securities

IMAX (NYSE:IMAX)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They currently have a $47.00 target price on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 26.97% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. B. Riley Financial reissued a “buy” rating on shares of IMAX in a report on Monday, December 8th. Roth Mkm reissued a “buy” rating and issued a $42.00 price objective on shares of IMAX in a research report on Monday, December 8th. The Goldman Sachs Group raised shares of IMAX from a “sell” rating to a “neutral” rating and upped their target price for the company from $22.00 to $34.00 in a report on Tuesday, November 25th. Barrington Research reiterated an “outperform” rating and set a $42.00 price target on shares of IMAX in a report on Monday, January 26th. Finally, Benchmark reissued a “buy” rating on shares of IMAX in a research report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.70.

IMAX Price Performance

IMAX stock traded up $0.23 during midday trading on Tuesday, hitting $37.02. The company’s stock had a trading volume of 42,149 shares, compared to its average volume of 1,049,649. The company’s fifty day moving average price is $36.27 and its 200 day moving average price is $33.70. IMAX has a twelve month low of $20.48 and a twelve month high of $39.98. The stock has a market capitalization of $1.99 billion, a P/E ratio of 52.56, a PEG ratio of 1.87 and a beta of 0.38.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IMAX. CIBC Private Wealth Group LLC acquired a new stake in shares of IMAX in the 3rd quarter valued at about $27,000. Quarry LP boosted its holdings in IMAX by 166.8% in the fourth quarter. Quarry LP now owns 875 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in IMAX by 125.0% in the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of IMAX by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock valued at $34,000 after acquiring an additional 317 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of IMAX during the third quarter worth approximately $34,000. Institutional investors own 93.51% of the company’s stock.

Key Stories Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX reported $28M at the China box office over Chinese New Year, with a small network capturing 3.4% of national grosses — a clear revenue driver in a key market. BusinessWire: IMAX Lights Up Chinese New Year
• Positive Sentiment: Wedbush reiterated an Outperform rating and $46 price target, signalling continued analyst confidence in IMAX’s growth and content pipeline. Proactive Investors: Wedbush Best Ideas
• Positive Sentiment: IMAX will present at the Morgan Stanley TMT conference (March 2), giving management a platform to update investors and potentially catalyze sentiment. BusinessWire: Morgan Stanley Presentation
• Positive Sentiment: IMAX is expanding live-event content — select F1 races will stream live in IMAX theaters this season, which could broaden non‑film revenue and drive incremental attendance. ABC10: F1 Races in IMAX
• Positive Sentiment: Studio Ghibli’s Kiki’s Delivery Service and other specialty re‑releases (promo trailer/poster) and screenings can lift premium-ticket demand and fill capacity between tentpoles. FirstShowing: Kiki’s IMAX Re-Release MSN: Kiki’s Re-Release in IMAX
• Positive Sentiment: Recent box-office reporting highlights titles (e.g., Elvis) performing strongly in IMAX auditoriums, supporting premium pricing and concession upside. MSN: Box Office Report
• Neutral Sentiment: Promotional/special events (early screenings, ticket giveaways) keep engagement high but are low-impact on large-scale revenue. Collider: IMAX Screening Promotion
• Neutral Sentiment: Human‑interest/legacy stories and oddities (e.g., reporting on an IMAX at Jeffrey Epstein’s island) are unlikely to move fundamentals but can be reputational noise. MSN: Epstein IMAX Story
• Negative Sentiment: Some coverage frames the China performance as down versus last year’s peak, highlighting volatility and the risk of comparability headwinds for upcoming quarters. MSN: China Box Office Down YoY

IMAX Company Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.