$152.29
1.58% yesterday
Nasdaq, Dec 30, 10:00 pm CET
ISIN
CA67000B1040
Symbol
NOVT

Novanta Inc Target price 2024 - Analyst rating & recommendation

Novanta Inc Classifications & Recommendation:

Buy
40%
Hold
40%
Sell
20%

Novanta Inc Price Target

Target Price $178.00
Price $152.29
Potential
Number of Estimates 2
2 Analysts have issued a price target Novanta Inc 2025 . The average Novanta Inc target price is $178.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 5 analysts: 2 Analysts recommend Novanta Inc to buy, 2 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Novanta Inc stock has an average upside potential 2025 of . Most analysts recommend the Novanta Inc stock at Buy or hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 881.66 951.47
2.41% 7.92%
EBITDA Margin 19.27% 21.93%
3.30% 13.79%
Net Margin 8.23% 6.63%
4.25% 19.44%

3 Analysts have issued a sales forecast Novanta Inc 2024 . The average Novanta Inc sales estimate is

$951m
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. This is
3.11% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$954m 3.36%
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, the lowest is
$950m 2.96%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $882m 2.41%
2024
$951m 7.92%
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2025
$1.0b 9.47%
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2026
$1.1b 7.47%
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3 Analysts have issued an Novanta Inc EBITDA forecast 2024. The average Novanta Inc EBITDA estimate is

$209m
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. This is
22.54% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$210m 23.09%
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, the lowest is
$208m 22.17%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $170m 5.79%
2024
$209m 22.78%
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2025
$242m 16.07%
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2026
$270m 11.41%
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EBITDA Margin

2023 19.27% 3.30%
2024
21.93% 13.79%
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2025
23.25% 6.02%
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2026
24.10% 3.66%
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2 Novanta Inc Analysts have issued a net profit forecast 2024. The average Novanta Inc net profit estimate is

$63.0m
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. This is
5.09% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$64.7m 7.79%
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, the lowest is
$61.4m 2.39%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $72.6m 1.94%
2024
$63.0m 13.12%
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2025
$95.6m 51.57%
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2026
$119m 24.99%
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Net Margin

2023 8.23% 4.25%
2024
6.63% 19.44%
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2025
9.17% 38.31%
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2026
10.67% 16.36%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 2.02 1.76
1.94% 12.87%
P/E 88.17
EV/Sales 6.29

2 Analysts have issued a Novanta Inc forecast for earnings per share. The average Novanta Inc <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.76
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. This is
5.39% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.80 7.78%
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, the lowest is
$1.71 2.40%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $2.02 1.94%
2024
$1.76 12.87%
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2025
$2.66 51.14%
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2026
$3.33 25.19%
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P/E ratio

Current 92.90 15.62%
2024
88.17 5.09%
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2025
58.17 34.03%
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2026
46.54 19.99%
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Based on analysts' sales estimates for 2024, the Novanta Inc stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 6.48 9.62%
2024
6.29 3.01%
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2025
5.74 8.65%
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2026
5.34 6.95%
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P/S ratio

Current 6.02 11.41%
2024
5.84 3.02%
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2025
5.34 8.65%
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2026
4.97 6.95%
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