Wedbush Forecasts Strong Price Appreciation for IMAX (NYSE:IMAX) Stock

IMAX (NYSE:IMAX) had its price objective raised by investment analysts at Wedbush from $46.00 to $54.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target would indicate a potential upside of 22.85% from the stock’s current price.

IMAX has been the topic of several other research reports. B. Riley Financial reiterated a “buy” rating on shares of IMAX in a report on Monday. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $41.00 price target (down from $47.00) on shares of IMAX in a research report on Thursday, July 16th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 price objective on shares of IMAX in a research report on Friday, May 22nd. Seaport Research Partners restated a “buy” rating and set a $50.00 target price on shares of IMAX in a research note on Wednesday, June 24th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $48.00 target price on shares of IMAX in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, IMAX presently has a consensus rating of “Moderate Buy” and an average target price of $48.90.

IMAX Stock Up 11.8%

Shares of IMAX stock opened at $43.96 on Friday. IMAX has a 12 month low of $24.20 and a 12 month high of $45.52. The business’s 50 day moving average is $39.80 and its two-hundred day moving average is $38.00. The company has a market cap of $2.42 billion, a PE ratio of 67.63, a price-to-earnings-growth ratio of 1.44 and a beta of 0.37.

IMAX (NYSE:IMAX) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.13. The company had revenue of $102.84 million for the quarter, compared to analyst estimates of $96.09 million. IMAX had a net margin of 9.08% and a return on equity of 13.61%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share. As a group, equities analysts expect that IMAX will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling at IMAX

In other news, CEO Richard L. Gelfond sold 8,943 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.33, for a total transaction of $333,842.19. Following the sale, the chief executive officer directly owned 765,002 shares in the company, valued at approximately $28,557,524.66. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.55% of the company’s stock.

Institutional Investors Weigh In On IMAX

A number of institutional investors have recently bought and sold shares of the business. Hedges Asset Management LLC acquired a new stake in IMAX in the 4th quarter valued at $2,088,000. Pier Capital LLC lifted its holdings in shares of IMAX by 85.0% during the fourth quarter. Pier Capital LLC now owns 244,589 shares of the company’s stock valued at $9,040,000 after acquiring an additional 112,397 shares during the period. Chase Investment Counsel Corp acquired a new stake in shares of IMAX in the 4th quarter valued at $3,070,000. Westfield Capital Management Co. LP boosted its stake in shares of IMAX by 44.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,346,486 shares of the company’s stock valued at $86,726,000 after purchasing an additional 723,861 shares in the last quarter. Finally, Marsico Capital Management LLC bought a new stake in shares of IMAX in the 4th quarter worth about $18,149,000. 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 Q2 2026 EPS of $0.43 on revenue of $102.84 million, topping Wall Street estimates and marking year-over-year growth, which signals solid operating momentum. IMAX Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Management highlighted The Odyssey as a “transformational” release for IMAX, with unusually strong opening weekend demand and sold-out screenings boosting confidence in record ticket sales for the year. The Odyssey is cleaning up for IMAX
• Positive Sentiment: Media coverage pointed to surging investor optimism around IMAX’s premium screen business, with some reports saying the company could be on pace for record 2026 ticket sales and improved pricing power. Imax’s CEO says it’s time to hike prices
• Neutral Sentiment: Unusual options activity showed a sharp jump in call buying, suggesting traders are positioning for more upside after the earnings release.
• Neutral Sentiment: IMAX also released its Q2 earnings presentation and conference call materials, which reinforced the company’s upbeat outlook but did not add new fundamental information beyond the results.
• Negative Sentiment: IMAX disclosed new regulatory, geopolitical, and trade-related risks that could complicate its global expansion and add uncertainty to future growth. 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.