IMAX (NYSE:IMAX) Price Target Raised to $44.00

IMAX (NYSE:IMAX) had its price target increased by Benchmark from $42.00 to $44.00 in a research report report published on Thursday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of IMAX in a research note on Monday, December 29th. Macquarie Infrastructure lifted their price target on IMAX from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Wells Fargo & Company increased their target price on shares of IMAX from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Roth Mkm reiterated a “buy” rating and issued a $42.00 price target on shares of IMAX in a report on Monday, December 8th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of IMAX in a research report on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.00.

IMAX Price Performance

NYSE:IMAX opened at $42.86 on Thursday. The company has a market cap of $2.31 billion, a PE ratio of 69.13, a PEG ratio of 2.12 and a beta of 0.38. IMAX has a one year low of $20.48 and a one year high of $43.16. The firm has a 50-day moving average of $36.44 and a 200-day moving average of $34.04.

IMAX (NYSE:IMAX) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. IMAX had a net margin of 8.50% and a return on equity of 13.69%. The business had revenue of $125.21 million during the quarter, compared to the consensus estimate of $120.30 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. On average, equities research analysts expect that IMAX will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC bought a new stake in IMAX during the third quarter valued at about $27,000. Quarry LP grew its position in shares of IMAX by 166.8% during the fourth quarter. Quarry LP now owns 875 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in IMAX by 125.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. Jones Financial Companies Lllp boosted its stake in IMAX by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock worth $34,000 after purchasing an additional 317 shares during the period. Finally, First Horizon Corp bought a new position in IMAX in the 3rd quarter worth approximately $34,000. 93.51% of the stock is currently owned by institutional investors.

More IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Q4 earnings beat and strong growth — IMAX reported $0.58 EPS vs. $0.43 consensus and revenue of $125.2M (up ~35% y/y), driven by blockbuster titles and higher profitability. This is the primary catalyst for the stock move. Earnings Report
• Positive Sentiment: Analyst upgrades — JPMorgan raised its price target to $48 and kept an “overweight” rating, signaling meaningful upside; Benchmark also raised its target to $44 and reiterated a “buy”. Analyst bullishness supports further upside sentiment. Analyst Note Benchmark Note
• Positive Sentiment: Strong box-office backdrop and targets — Management outlined a $1.4B global box-office target for 2026 and is expanding premium content and network reach, suggesting recurring upside if tentpoles and slate perform. Box Office Target
• Positive Sentiment: Content wins and programming diversification — Dune 3 secured exclusive IMAX opening-weekend play in select markets (good for premium ticket sales), Studio Ghibli re-releases and live F1 broadcasts broaden non-traditional revenue streams. Dune 3 Article Ghibli Re-release F1 in IMAX
• Neutral Sentiment: Institutional support — Rosenblatt reiterated a buy and other boutiques remain constructive; this helps sentiment but is not new fundamental strength. Rosenblatt Note
• Neutral Sentiment: Investor materials available — The earnings call transcript and slide deck were published for deeper inspection; useful for gauging guidance and margin drivers but not an immediate price catalyst. Earnings Call Transcript
• Negative Sentiment: Opening-weekend windowing risk — Major title Avengers: Doomsday will not have an IMAX opening-weekend release in the U.S., which could blunt upside from that particular tentpole and offset some gains from other exclusives. Avengers Windowing

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.