IMAX (NYSE:IMAX) Price Target Raised to $60.00

IMAX (NYSE:IMAX) had its target price upped by Wedbush from $54.00 to $60.00 in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

IMAX has been the subject of several other research reports. Wall Street Zen upgraded shares of IMAX from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Wells Fargo & Company boosted their target price on IMAX from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Benchmark restated a “buy” rating on shares of IMAX in a research note on Monday, June 22nd. HC Wainwright reaffirmed a “buy” rating on shares of IMAX in a report on Friday, July 24th. Finally, Zacks Research raised IMAX from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, IMAX presently has an average rating of “Moderate Buy” and a consensus price target of $57.38.

IMAX Price Performance

Shares of IMAX stock opened at $50.88 on Wednesday. The firm has a 50-day moving average of $52.50 and a 200-day moving average of $44.21. IMAX has a one year low of $31.27 and a one year high of $57.73. The company has a market cap of $2.79 billion, a P/E ratio of 70.67, a P/E/G ratio of 1.45 and a beta of 0.49.

IMAX (NYSE:IMAX) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.43 earnings per share for the quarter, topping 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 business had revenue of $102.84 million for the quarter, compared to analysts’ expectations of $96.09 million. During the same period in the previous year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts expect that IMAX will post 1.69 earnings per share for the current fiscal year.

Insider Activity at IMAX

In related news, insider Kenneth Weissman sold 8,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $54.54, for a total transaction of $436,320.00. Following the completion of the transaction, the insider owned 28,205 shares in the company, valued at approximately $1,538,300.70. This represents a 22.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Natasha Fernandes sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $54.63, for a total transaction of $1,092,600.00. Following the sale, the chief financial officer owned 35,596 shares of the company’s stock, valued at $1,944,609.48. This trade represents a 35.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 507,257 shares of company stock valued at $26,673,571 over the last quarter. Corporate insiders own 20.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Triumph Capital Management increased its stake in shares of IMAX by 3.0% during the 2nd quarter. Triumph Capital Management now owns 17,295 shares of the company’s stock worth $689,000 after purchasing an additional 504 shares during the last quarter. State of Wyoming lifted its stake in IMAX by 7.6% in the first quarter. State of Wyoming now owns 7,910 shares of the company’s stock valued at $301,000 after purchasing an additional 562 shares during the last quarter. Quantinno Capital Management LP lifted its stake in IMAX by 5.4% in the first quarter. Quantinno Capital Management LP now owns 18,844 shares of the company’s stock valued at $716,000 after purchasing an additional 957 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in IMAX by 159.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,006 shares of the company’s stock valued at $111,000 after purchasing an additional 1,849 shares during the period. Finally, Global Retirement Partners LLC bought a new position in IMAX during the second quarter valued at $85,000. 93.51% of the stock is owned by institutional investors.

Trending Headlines about IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Wedbush raised its price target for IMAX, signaling greater confidence in the company’s earnings outlook and potential upside. IMAX Stock Gets Price Target Boost from Wedbush
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating on IMAX, supporting the bullish analyst view of the company’s growth prospects. IMAX Stock Rating Reaffirmed as Buy by Rosenblatt Securities
• Positive Sentiment: Analysts expect IMAX’s upcoming quarterly results to benefit from earnings growth and potentially produce a beat, keeping attention on the company ahead of its report. Imax Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Upcoming premium-format releases, including a new Hunger Games film using an IMAX presentation strategy, could support ticket demand and strengthen the company’s content pipeline. New Hunger Games Movie Is Repeating Catching Fire’s Imax Trick Again
• Neutral Sentiment: Coverage highlighting the complexity of IMAX screens and aspect ratios reinforces consumer awareness of the format, but does not provide a direct financial catalyst. IMAX Screens, Aspect Ratios: When Did Watching a Movie Get So Complicated?
• Negative Sentiment: Movie-theater shares have posted outsized gains this year, prompting discussion of whether investors should take profits. That creates valuation concerns and may be contributing to selling in IMAX despite favorable fundamentals. AMC Is Up 83% in 2026 and Cinemark Is Up 68%: Take Profits, or Hold On for the Ride?
• Negative Sentiment: A ranking of high-profile “disruptors” that includes IMAX could reinforce concerns about speculative positioning and an elevated share price. The Biggest Schumps: From SpaceX to IMAX

IMAX Company Profile

IMAX Corporation (NYSE: IMAX) is an entertainment technology company that develops and licenses premium-format motion picture systems for cinemas and other venues. Its offerings combine specialized projection and display technology, immersive sound systems, theater design, and large-format screens to provide audiences with an enhanced presentation experience.

The company supports the theatrical release of films through its IMAX DMR (Digital Media Remastering) process, which adapts and optimizes content for IMAX presentations.