IMAX (NYSE:IMAX – Free Report) had its price objective increased by Wells Fargo & Company from $41.00 to $45.00 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
IMAX has been the topic of several other research reports. Barrington Research boosted their price objective on shares of IMAX from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 target price on shares of IMAX in a research note on Friday, May 22nd. HC Wainwright reissued a “buy” rating on shares of IMAX in a research report on Friday. Wall Street Zen lowered IMAX from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $42.00 price target on shares of IMAX in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, IMAX currently has an average rating of “Moderate Buy” and a consensus price target of $50.36.
View Our Latest Stock Report on IMAX
IMAX Trading Down 0.4%
IMAX (NYSE:IMAX – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.30 by $0.13. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The firm had revenue of $102.84 million during the quarter, compared to analysts’ expectations of $96.09 million. During the same period in the prior year, the company earned $0.26 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that IMAX will post 1.3 EPS for the current fiscal year.
Hedge Funds Weigh In On IMAX
A number of hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC acquired a new position in shares of IMAX in the 3rd quarter valued at $27,000. Quarry LP boosted its position in shares of IMAX by 166.8% during the 4th quarter. Quarry LP now owns 875 shares of the company’s stock valued at $32,000 after acquiring an additional 547 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in IMAX by 2,310.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company’s stock valued at $38,000 after acquiring an additional 1,109 shares during the period. Torren Management LLC acquired a new position in IMAX in the fourth quarter worth about $40,000. Finally, Aster Capital Management DIFC Ltd raised its position in IMAX by 863.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company’s stock worth $62,000 after purchasing an additional 1,493 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
Key Headlines Impacting IMAX
Here are the key news stories impacting IMAX this week:
- Positive Sentiment: IMAX reported better-than-expected second-quarter results, with EPS and revenue both topping Wall Street estimates, while management reaffirmed full-year guidance and highlighted margin expansion and network growth. IMAX Corporation Reports Second Quarter 2026 Results
- Positive Sentiment: Strong box-office traction for The Odyssey is boosting confidence that IMAX can sustain higher ticket sales and premium-screen utilization, with reports suggesting the film could be a transformational release for the company. The Odyssey is cleaning up for IMAX. Expect the momentum to continue
- Positive Sentiment: Analysts turned more bullish after earnings, with JPMorgan, Wells Fargo, Barrington, and Wedbush all raising price targets, and Wedbush reiterating Outperform on expectations for a stronger film pipeline, market-share gains, and international expansion. IMAX price target boosted by Wedbush on growth outlook
- Positive Sentiment: Investor attention is also being reinforced by unusual call-option activity and multiple stories about sold-out IMAX 70mm showings, signaling strong near-term demand sentiment around the stock. Imax’s CEO says it’s time to hike prices as tickets to ‘The Odyssey’ resell for $1,000
- Neutral Sentiment: IMAX disclosed a new regulatory risk tied to geopolitical, trade, and other global expansion challenges, which could matter over time but does not appear to be driving near-term trading. IMAX Confronts Rising Geopolitical, Regulatory and Trade Risks Threatening Global Expansion
About IMAX
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.
Recommended Stories
- Five stocks we like better than IMAX
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for IMAX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMAX and related companies with MarketBeat.com's FREE daily email newsletter.
