$175.03
1.96% yesterday
Nasdaq, Oct 21, 10:00 pm CET
ISIN
CA67000B1040
Symbol
NOVT

Novanta Inc Target price 2024 - Analyst rating & recommendation

Novanta Inc Classifications & Recommendation:

Buy
50%
Hold
25%
Sell
25%

Novanta Inc Price Target

Target Price $181.00
Price $175.03
Potential
Number of Estimates 2
2 Analysts have issued a price target Novanta Inc 2025 . The average Novanta Inc target price is $181.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 4 analysts: 2 Analysts recommend Novanta Inc to buy, 1 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 Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 881.66 973.07
2.41% 10.37%
EBITDA Margin 19.27% 22.51%
3.30% 16.80%
Net Margin 8.23% 7.43%
4.25% 9.67%

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

$973m
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. This is
8.14% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$975m 8.30%
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, the lowest is
$971m 7.92%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $882m 2.41%
2024
$973m 10.37%
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2025
$1.1b 10.51%
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3 Analysts have issued an Novanta Inc EBITDA forecast 2024. The average Novanta Inc EBITDA estimate is

$219m
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. This is
31.00% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$220m 31.56%
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, the lowest is
$218m 30.56%
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.

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

EBITDA Estimates

2023 $170m 5.79%
2024
$219m 28.93%
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2025
$251m 14.54%
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EBITDA Margin

2023 19.27% 3.30%
2024
22.51% 16.80%
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2025
23.33% 3.64%
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2 Novanta Inc Analysts have issued a net profit forecast 2024. The average Novanta Inc net profit estimate is

$72.3m
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. This is
17.15% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$76.5m 23.84%
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, the lowest is
$68.2m 10.47%
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.

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

Net Profit Estimates

2023 $72.5m 1.94%
2024
$72.3m 0.25%
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2025
$104m 43.17%
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Net Margin

2023 8.23% 4.25%
2024
7.43% 9.67%
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2025
9.63% 29.61%
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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 2.02
1.94% 0.00%
P/E 86.86
EV/Sales 6.91

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

$2.02
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. This is
17.44% 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
$2.13 23.84%
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, the lowest is
$1.90 10.47%
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.

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

Earnings Per Share

2023 $2.02 1.94%
2024
$2.02 0.00%
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2025
$2.89 43.07%
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P/E ratio

Current 101.57 60.33%
2024
86.86 14.48%
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2025
60.67 30.15%
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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 7.47 27.47%
2024
6.91 7.51%
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2025
6.25 9.51%
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P/S ratio

Current 6.98 28.22%
2024
6.46 7.52%
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2025
5.84 9.51%
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