Novanta (NOVT) Stock Forecast, Price Target & Predictions
NOVT Stock Forecast
Novanta stock forecast is as follows: an average price target of $175.00 (represents a 14.08% upside from NOVT’s last price of $153.40) 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 14.08% upside from NOVT's last price of $153.40.
NOVT Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 07, 2024 | Robert Mason | Robert W. Baird | $175.00 | $174.36 | 0.37% | 14.08% |
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 14.08% increase from NOVT last price ($153.40).
Novanta Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $175.00 |
| Last Closing Price | $153.40 | $153.40 | $153.40 |
| Upside/Downside | -100.00% | -100.00% | 14.08% |
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 $153.40. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 11, 2022 | William Blair | Outperform | Upgrade |
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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $270.41M | $269.70M | $256.55M | $244.89M | $240.29M | $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 |
| High Forecast | $271.35M | $270.64M | $257.45M | $245.74M | $241.12M | $243.17M | $234.44M | $228.64M | $211.43M | $223.18M | $226.29M | $211.96M | $216.32M | $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 |
| Low Forecast | $269.78M | $269.08M | $255.96M | $244.32M | $239.73M | $241.77M | $233.08M | $227.32M | $210.21M | $223.18M | $224.98M | $210.73M | $215.07M | $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 |
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 9 | 11 |
| 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% |
Novanta's average Quarter revenue forecast for Mar 24 based on 1 analysts is $227.85M, with a low forecast of $227.32M, and a high forecast of $228.64M. 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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 9 | 11 |
| 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 |
| Avg Forecast | $48.44M | $48.31M | $45.96M | $43.87M | $43.04M | $43.41M | $41.85M | $32.20M | $37.74M | $39.98M | $40.40M | $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 |
| High Forecast | $48.61M | $48.48M | $46.12M | $44.02M | $43.19M | $43.56M | $42.00M | $38.64M | $37.87M | $39.98M | $40.54M | $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 |
| Low Forecast | $48.33M | $48.20M | $45.85M | $43.77M | $42.94M | $43.31M | $41.75M | $25.76M | $37.66M | $39.98M | $40.30M | $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 |
| Surprise % | - | - | - | - | - | - | - | - | 0.57% | 0.76% | 0.80% | 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 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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 9 | 11 |
| 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 |
| Avg Forecast | $38.54M | $38.42M | $32.03M | $28.06M | $25.77M | $30.83M | $25.05M | $19.16M | $22.59M | $26.80M | $26.37M | $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 |
| High Forecast | $38.71M | $38.59M | $32.18M | $28.19M | $25.89M | $30.84M | $25.06M | $22.99M | $22.69M | $26.80M | $26.49M | $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 |
| Low Forecast | $38.42M | $38.30M | $31.94M | $27.98M | $25.69M | $30.82M | $25.04M | $15.33M | $22.52M | $26.79M | $26.29M | $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 |
| 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% |
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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 9 | 11 |
| 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 |
| Avg Forecast | $50.24M | $50.11M | $47.67M | $45.50M | $44.64M | $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 |
| High Forecast | $50.41M | $50.28M | $47.83M | $45.66M | $44.80M | $45.18M | $43.56M | $48.07M | $39.28M | $41.46M | $42.04M | $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 |
| Low Forecast | $50.12M | $49.99M | $47.56M | $45.39M | $44.54M | $44.92M | $43.30M | $32.05M | $39.06M | $41.46M | $41.80M | $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 |
| 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% |
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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 9 | 11 |
| 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 |
| Avg Forecast | $1.07 | $1.06 | $0.89 | $0.78 | $0.71 | $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 |
| High Forecast | $1.07 | $1.07 | $0.89 | $0.78 | $0.72 | $0.85 | $0.69 | $0.58 | $0.63 | $0.74 | $0.73 | $0.65 | $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 |
| Low Forecast | $1.06 | $1.06 | $0.88 | $0.77 | $0.71 | $0.85 | $0.69 | $0.58 | $0.62 | $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 |
| 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% |
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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ST | Sensata Technologies | $29.48 | $39.67 | 34.57% | Buy |
| FTV | Fortive | $75.73 | $87.00 | 14.88% | Buy |
| VPG | Vishay Precision Group | $23.82 | $27.00 | 13.35% | |
| ITRI | Itron | $111.58 | $120.00 | 7.55% | Buy |
| NOVT | Novanta | $165.65 | $175.00 | 5.64% | Buy |
| ESE | ESCO | $137.83 | $145.00 | 5.20% | Buy |
| BMI | Badger Meter | $227.18 | $221.33 | -2.58% | Hold |
| MLAB | Mesa Laboratories | $132.33 | $120.00 | -9.32% | Buy |
| VNT | Vontier | $38.18 | $32.67 | -14.43% | Buy |