Novanta (NOVT) Stock Forecast, Price Target & Predictions


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NOVT Stock Forecast


Novanta stock forecast is as follows: an average price target of $175.00 (represents a 0.48% upside from NOVT’s last price of $174.17) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.

NOVT Price Target


The average price target for Novanta (NOVT) is $175.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $175.00 to $175.00. This represents a potential 0.48% upside from NOVT's last price of $174.17.

NOVT Analyst Ratings


Buy

According to 1 Wall Street analysts, Novanta's rating consensus is 'Buy'. The analyst rating breakdown for NOVT stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Novanta Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 07, 2024Robert MasonRobert W. Baird$175.00$174.360.37%0.48%
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The latest Novanta stock forecast, released on Aug 07, 2024 by Robert Mason from Robert W. Baird, set a price target of $175.00, which represents a 0.37% increase from the stock price at the time of the forecast ($174.36), and a 0.48% increase from NOVT last price ($174.17).

Novanta Price Target by Period


1M3M12M
# Anlaysts-11
Avg Price Target-$175.00$175.00
Last Closing Price$174.17$174.17$174.17
Upside/Downside-100.00%0.48%0.48%

In the current month, the average price target of Novanta stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Novanta's last price of $174.17. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
May 11, 2022William Blair-OutperformUpgrade
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Novanta's last stock rating was published by William Blair on May 11, 2022. The company Upgrade its NOVT rating from "null" to "Outperform".

Novanta Financial Forecast


Novanta Revenue Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14Mar 13
Revenue----$211.57M$221.50M$229.46M$219.13M$218.37M$222.96M$215.36M$204.22M$198.96M$177.73M$167.52M$162.58M$147.50M$142.93M$144.73M$155.47M$159.70M$154.07M$155.15M$157.19M$146.97M$108.97M$90.32M$94.61M$79.13M$83.11M
Avg Forecast$263.99M$242.33M$233.63M$227.85M$210.70M$223.18M$225.50M$211.22M$215.57M$215.37M$210.47M$195.96M$192.26M$173.27M$164.32M$156.28M$147.05M$141.37M$138.12M$142.61M$157.08M$155.04M$154.49M$156.20M$125.11M$84.39M$90.30M$75.68M$50.85M$244.07M
High Forecast$263.99M$242.33M$233.63M$227.85M$210.70M$223.18M$225.50M$211.22M$215.57M$215.37M$210.47M$195.96M$192.26M$173.27M$164.32M$156.28M$147.05M$141.37M$138.12M$142.61M$157.08M$155.04M$154.49M$156.20M$150.13M$101.26M$108.36M$90.82M$61.02M$292.89M
Low Forecast$263.99M$242.33M$233.63M$227.85M$210.70M$223.18M$225.50M$211.22M$215.57M$215.37M$210.47M$195.96M$192.26M$173.27M$164.32M$156.28M$147.05M$141.37M$138.12M$142.61M$157.08M$155.04M$154.49M$156.20M$100.09M$67.51M$72.24M$60.54M$40.68M$195.26M
# Analysts12112111111111117447533591113111314
Surprise %----1.00%0.99%1.02%1.04%1.01%1.04%1.02%1.04%1.03%1.03%1.02%1.04%1.00%1.01%1.05%1.09%1.02%0.99%1.00%1.01%1.17%1.29%1.00%1.25%1.56%0.34%

Novanta's average Quarter revenue forecast for Mar 24 based on 1 analysts is $227.85M, with a low forecast of $227.85M, and a high forecast of $227.85M. NOVT's average Quarter revenue forecast represents a 7.70% increase compared to the company's last Quarter revenue of $211.57M (Dec 23).

Novanta EBITDA Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14Mar 13
# Analysts12112111111111117447533591113111314
EBITDA----$21.68M$30.31M$32.20M$43.07M$44.71M$42.97M$42.26M$35.00M$31.62M$24.42M$24.32M$19.21M$24.71M$19.61M$21.13M$21.24M$19.88M$20.83M$21.94M$21.40M$22.56M$41.85M$7.46M$10.01M$6.75M$7.71M
Avg Forecast$50.95M$46.77M$45.09M$32.20M$40.67M$43.08M$43.53M$29.27M$21.46M$41.57M$40.62M$26.61M$37.11M$33.44M$31.72M$10.84M$28.38M$27.29M$26.66M$9.49M$30.32M$29.93M$29.82M$19.17M$18.62M$29.64M$7.43M$7.47M$3.29M$12.16M
High Forecast$50.95M$46.77M$45.09M$38.64M$40.67M$43.08M$43.53M$35.13M$25.76M$41.57M$40.62M$31.93M$37.11M$33.44M$31.72M$13.01M$28.38M$27.29M$26.66M$11.39M$30.32M$29.93M$29.82M$23.00M$22.34M$35.57M$8.91M$8.97M$3.95M$14.59M
Low Forecast$50.95M$46.77M$45.09M$25.76M$40.67M$43.08M$43.53M$23.42M$17.17M$41.57M$40.62M$21.29M$37.11M$33.44M$31.72M$8.67M$28.38M$27.29M$26.66M$7.59M$30.32M$29.93M$29.82M$15.33M$14.89M$23.71M$5.94M$5.98M$2.63M$9.73M
Surprise %----0.53%0.70%0.74%1.47%2.08%1.03%1.04%1.32%0.85%0.73%0.77%1.77%0.87%0.72%0.79%2.24%0.66%0.70%0.74%1.12%1.21%1.41%1.00%1.34%2.05%0.63%

1 analysts predict NOVT's average Quarter EBITDA for Mar 24 to be $32.20M, with a high of $38.64M and a low of $25.76M. This is 48.55% upper than Novanta's previous annual EBITDA (Dec 23) of $21.68M.

Novanta Net Income Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14Mar 13
# Analysts12112111111111117447533591113111314
Net Income----$12.51M$21.22M$20.88M$18.27M$15.26M$22.49M$17.48M$18.82M$13.75M$13.60M$11.66M$11.31M$12.66M$8.26M$11.66M$11.95M$9.22M$8.92M$10.38M$12.25M$11.91M$34.25M$1.91M$3.45M$983.00K$2.08M
Avg Forecast$35.13M$30.80M$25.02M$19.16M$22.57M$26.77M$26.35M$17.42M$9.95M$26.80M$25.99M$15.83M$23.19M$21.56M$18.32M$6.38M$15.88M$14.20M$8.42M$5.34M$19.37M$18.65M$19.49M$10.98M$9.82M$24.26M$1.90M$2.55M$488.89K$3.20M
High Forecast$35.13M$30.80M$25.03M$22.99M$22.57M$26.77M$26.35M$20.90M$11.94M$26.80M$25.99M$19.00M$23.19M$21.56M$18.32M$7.66M$15.88M$14.20M$8.42M$6.41M$19.37M$18.65M$19.49M$13.17M$11.78M$29.11M$2.28M$3.06M$586.67K$3.84M
Low Forecast$35.13M$30.80M$25.02M$15.33M$22.57M$26.76M$26.35M$13.93M$7.96M$26.80M$25.99M$12.67M$23.19M$21.56M$18.32M$5.10M$15.88M$14.20M$8.42M$4.27M$19.37M$18.65M$19.49M$8.78M$7.85M$19.41M$1.52M$2.04M$391.11K$2.56M
Surprise %----0.55%0.79%0.79%1.05%1.53%0.84%0.67%1.19%0.59%0.63%0.64%1.77%0.80%0.58%1.38%2.24%0.48%0.48%0.53%1.12%1.21%1.41%1.00%1.35%2.01%0.65%

Novanta's average Quarter net income forecast for Mar 24 is $19.16M, with a range of $15.33M to $22.99M. NOVT's average Quarter net income forecast represents a 53.13% increase compared to the company's last Quarter net income of $12.51M (Dec 23).

Novanta SG&A Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14Mar 13
# Analysts12112111111111117447533591113111314
SG&A----$41.70M$39.65M$42.19M$40.92M$38.71M$40.30M$40.54M$39.35M$34.97M$31.30M$31.24M$31.65M$27.40M$26.79M$24.91M$30.75M$29.43M$27.93M$29.20M$31.85M$29.22M$23.00M$21.19M$22.07M$19.62M$20.24M
Avg Forecast$49.05M$45.02M$43.41M$40.06M$39.15M$41.46M$41.90M$36.42M$36.22M$40.01M$39.10M$33.11M$35.72M$32.19M$30.53M$17.86M$27.32M$26.26M$25.66M$16.03M$29.18M$28.81M$28.70M$33.95M$27.14M$18.31M$26.20M$19.80M$10.85M$35.64M
High Forecast$49.05M$45.02M$43.41M$48.07M$39.15M$41.46M$41.90M$43.70M$43.46M$40.01M$39.10M$39.73M$35.72M$32.19M$30.53M$21.43M$27.32M$26.26M$25.66M$19.23M$29.18M$28.81M$28.70M$40.74M$32.57M$21.97M$31.44M$23.76M$13.02M$42.77M
Low Forecast$49.05M$45.02M$43.41M$32.05M$39.15M$41.46M$41.90M$29.13M$28.97M$40.01M$39.10M$26.48M$35.72M$32.19M$30.53M$14.28M$27.32M$26.26M$25.66M$12.82M$29.18M$28.81M$28.70M$27.16M$21.71M$14.65M$20.96M$15.84M$8.68M$28.51M
Surprise %----1.07%0.96%1.01%1.12%1.07%1.01%1.04%1.19%0.98%0.97%1.02%1.77%1.00%1.02%0.97%1.92%1.01%0.97%1.02%0.94%1.08%1.26%0.81%1.11%1.81%0.57%

Novanta's average Quarter SG&A projection for Mar 24 is $40.06M, based on 1 Wall Street analysts, with a range of $32.05M to $48.07M. The forecast indicates a -3.94% fall compared to NOVT last annual SG&A of $41.70M (Dec 23).

Novanta EPS Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14Mar 13
# Analysts12112111111111117447533591113111314
EPS----$0.35$0.59$0.58$0.51$0.43$0.63$0.49$0.53$0.39$0.38$0.33$0.32$0.36$0.23$0.33$0.34$0.26$0.25$0.30$0.35$0.34$0.99$0.05$0.10$0.03$0.06
Avg Forecast$0.97$0.85$0.69$0.58$0.63$0.74$0.73$0.64$0.72$0.74$0.72$0.63$0.64$0.60$0.51$0.39$0.44$0.39$0.23$0.32$0.54$0.52$0.54$0.48$0.33$0.17$0.18$0.12$0.04$0.20
High Forecast$0.97$0.85$0.69$0.58$0.63$0.74$0.73$0.64$0.72$0.74$0.72$0.63$0.64$0.60$0.51$0.39$0.44$0.39$0.23$0.32$0.54$0.52$0.54$0.48$0.40$0.20$0.22$0.14$0.05$0.24
Low Forecast$0.97$0.85$0.69$0.58$0.63$0.74$0.73$0.64$0.72$0.74$0.72$0.63$0.64$0.60$0.51$0.39$0.44$0.39$0.23$0.32$0.54$0.52$0.54$0.48$0.26$0.14$0.14$0.10$0.04$0.16
Surprise %----0.56%0.80%0.79%0.79%0.60%0.85%0.68%0.84%0.61%0.64%0.65%0.83%0.82%0.58%1.41%1.05%0.48%0.48%0.56%0.72%1.03%5.82%0.28%0.83%0.75%0.30%

According to 1 Wall Street analysts, Novanta's projected average Quarter EPS for Mar 24 is $0.58, with a low estimate of $0.58 and a high estimate of $0.58. This represents a 64.76% increase compared to NOVT previous annual EPS of $0.35 (Dec 23).

Novanta Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
STSensata Technologies$33.64$51.2552.35%Buy
FTVFortive$71.16$86.6321.74%Buy
VPGVishay Precision Group$23.61$27.0014.36%-
ESEESCO$128.21$145.0013.10%Buy
MLABMesa Laboratories$118.45$120.001.31%Buy
BMIBadger Meter$202.85$204.600.86%Hold
NOVTNovanta$174.17$175.000.48%Buy
VNTVontier$37.08$32.67-11.89%Buy
ITRIItron$114.97$89.91-21.80%Buy

NOVT Forecast FAQ


Yes, according to 1 Wall Street analysts, Novanta (NOVT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of NOVT's total ratings.

Novanta (NOVT) average price target is $175 with a range of $175 to $175, implying a 0.48% from its last price of $174.17. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for NOVT stock, the company can go up by 0.48% (from the last price of $174.17 to the average price target of $175), up by 0.48% based on the highest stock price target, and up by 0.48% based on the lowest stock price target.

NOVT's average twelve months analyst stock price target of $175 does not support the claim that Novanta can reach $300 in the near future.

NOVT's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $967.79M (high $967.79M, low $967.79M), average EBITDA is $175.02M (high $181.46M, low $168.58M), average net income is $110.11M (high $113.95M, low $106.27M), average SG&A $177.53M (high $185.54M, low $169.52M), and average EPS is $3.1 (high $3.1, low $3.1).

Based on Novanta's last annual report (Dec 2023), the company's revenue was $881.66M, beating the average analysts forecast of $870.6M by 1.27%. Apple's EBITDA was $110.5M, missing the average prediction of $156.55M by -29.42%. The company's net income was $72.88M, missing the average estimation of $93.1M by -21.72%. Apple's SG&A was $164.46M, beating the average forecast of $158.92M by 3.48%. Lastly, the company's EPS was $2.02, missing the average prediction of $2.74 by -26.29%. In terms of the last quarterly report (Dec 2023), Novanta's revenue was $211.57M, beating the average analysts' forecast of $210.7M by 0.41%. The company's EBITDA was $21.68M, missing the average prediction of $40.67M by -46.70%. Novanta's net income was $12.51M, missing the average estimation of $22.57M by -44.56%. The company's SG&A was $41.7M, beating the average forecast of $39.15M by 6.53%. Lastly, the company's EPS was $0.35, missing the average prediction of $0.625 by -44.03%