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 2.27% upside from NOVT’s last price of $171.12) 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 2.27% upside from NOVT's last price of $171.12.
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% | 2.27% |
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 2.27% increase from NOVT last price ($171.12).
Novanta Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $175.00 | $175.00 |
| Last Closing Price | $171.12 | $171.12 | $171.12 |
| Upside/Downside | -100.00% | 2.27% | 2.27% |
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 $171.12. 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
| 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 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 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 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 | $156.18M | $160.79M | $150.40M | $146.97M | $146.92M | $146.30M |
| 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 | $142.23M | $137.07M | $144.50M | $125.11M | $136.88M | $110.54M |
| High Forecast | $264.61M | $242.90M | $234.18M | $228.39M | $211.20M | $223.70M | $226.03M | $211.72M | $216.08M | $215.88M | $210.47M | $196.73M | $193.02M | $173.95M | $164.97M | $156.90M | $147.63M | $141.92M | $138.66M | $143.17M | $157.70M | $155.65M | $155.09M | $156.81M | $170.68M | $164.48M | $173.40M | $150.13M | $164.26M | $132.65M |
| Low Forecast | $263.28M | $241.68M | $233.00M | $227.24M | $210.14M | $222.58M | $224.90M | $210.66M | $215.00M | $214.80M | $210.47M | $195.18M | $191.49M | $172.58M | $163.67M | $155.66M | $146.46M | $140.80M | $137.57M | $142.04M | $156.45M | $154.42M | $153.87M | $155.57M | $113.79M | $109.66M | $115.60M | $100.09M | $109.51M | $88.43M |
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 20 | 8 | 9 | 12 | 16 |
| 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% | 1.10% | 1.17% | 1.04% | 1.17% | 1.07% | 1.32% |
Novanta's average Quarter revenue forecast for Mar 24 based on 1 analysts is $227.85M, with a low forecast of $227.24M, and a high forecast of $228.39M. 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 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 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 20 | 8 | 9 | 12 | 16 |
| 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 | $23.24M | $27.39M | $23.18M | $22.56M | $24.08M | $17.53M |
| Avg Forecast | $50.95M | $46.77M | $45.09M | $32.20M | $40.67M | $43.08M | $43.53M | $29.27M | $41.61M | $20.69M | $40.62M | $26.61M | $37.11M | $18.81M | $19.07M | $10.84M | $28.38M | $18.11M | $13.17M | $9.49M | $19.51M | $20.43M | $21.94M | $19.17M | $20.96M | $22.65M | $22.27M | $18.62M | $22.31M | $11.81M |
| High Forecast | $51.07M | $46.88M | $45.20M | $38.64M | $40.76M | $43.18M | $43.63M | $35.13M | $41.71M | $24.83M | $40.62M | $31.93M | $37.26M | $22.58M | $22.89M | $13.01M | $28.49M | $21.73M | $15.81M | $11.39M | $23.42M | $24.51M | $26.33M | $23.00M | $25.15M | $27.17M | $26.73M | $22.34M | $26.78M | $14.18M |
| Low Forecast | $50.82M | $46.65M | $44.97M | $25.76M | $40.56M | $42.96M | $43.41M | $23.42M | $41.50M | $16.56M | $40.62M | $21.29M | $36.96M | $15.05M | $15.26M | $8.67M | $28.27M | $14.48M | $10.54M | $7.59M | $15.61M | $16.34M | $17.55M | $15.33M | $16.77M | $18.12M | $17.82M | $14.89M | $17.85M | $9.45M |
| Surprise % | - | - | - | - | 0.53% | 0.70% | 0.74% | 1.47% | 1.07% | 2.08% | 1.04% | 1.32% | 0.85% | 1.30% | 1.28% | 1.77% | 0.87% | 1.08% | 1.60% | 2.24% | 1.02% | 1.02% | 1.00% | 1.12% | 1.11% | 1.21% | 1.04% | 1.21% | 1.08% | 1.48% |
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 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 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 20 | 8 | 9 | 12 | 16 |
| 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 | $11.64M | $14.55M | $11.00M | $11.91M | $8.87M | $7.53M |
| Avg Forecast | $35.13M | $30.80M | $25.02M | $19.16M | $22.57M | $26.77M | $26.35M | $17.42M | $25.99M | $11.53M | $26.01M | $15.83M | $23.16M | $10.48M | $9.15M | $6.38M | $15.86M | $7.62M | $7.27M | $5.34M | $9.05M | $8.75M | $10.38M | $10.98M | $10.50M | $12.04M | $10.55M | $9.82M | $8.22M | $5.07M |
| High Forecast | $35.24M | $30.89M | $25.10M | $22.99M | $22.64M | $26.85M | $26.43M | $20.90M | $26.07M | $13.83M | $26.01M | $19.00M | $23.28M | $12.58M | $10.98M | $7.66M | $15.94M | $9.15M | $8.72M | $6.41M | $10.86M | $10.50M | $12.46M | $13.17M | $12.60M | $14.44M | $12.66M | $11.78M | $9.86M | $6.09M |
| Low Forecast | $35.01M | $30.69M | $24.94M | $15.33M | $22.49M | $26.67M | $26.26M | $13.93M | $25.90M | $9.22M | $26.01M | $12.67M | $23.04M | $8.38M | $7.32M | $5.10M | $15.78M | $6.10M | $5.81M | $4.27M | $7.24M | $7.00M | $8.30M | $8.78M | $8.40M | $9.63M | $8.44M | $7.85M | $6.57M | $4.06M |
| Surprise % | - | - | - | - | 0.55% | 0.79% | 0.79% | 1.05% | 0.59% | 1.95% | 0.67% | 1.19% | 0.59% | 1.30% | 1.28% | 1.77% | 0.80% | 1.08% | 1.60% | 2.24% | 1.02% | 1.02% | 1.00% | 1.12% | 1.11% | 1.21% | 1.04% | 1.21% | 1.08% | 1.48% |
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 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 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 20 | 8 | 9 | 12 | 16 |
| 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 | $28.30M | $29.15M | $29.23M | $29.22M | $27.36M | $27.72M |
| Avg Forecast | $49.05M | $45.02M | $43.41M | $40.06M | $39.15M | $41.46M | $41.90M | $36.42M | $40.05M | $26.52M | $39.10M | $33.11M | $35.72M | $24.11M | $24.50M | $17.86M | $27.32M | $27.99M | $19.05M | $16.03M | $32.93M | $36.72M | $37.29M | $33.95M | $29.15M | $29.30M | $34.05M | $27.14M | $27.84M | $23.41M |
| High Forecast | $49.16M | $45.13M | $43.51M | $48.07M | $39.24M | $41.56M | $42.00M | $43.70M | $40.15M | $31.83M | $39.10M | $39.73M | $35.86M | $28.94M | $29.40M | $21.43M | $27.43M | $33.59M | $22.86M | $19.23M | $39.51M | $44.07M | $44.75M | $40.74M | $34.98M | $35.16M | $40.86M | $32.57M | $33.41M | $28.09M |
| Low Forecast | $48.91M | $44.90M | $43.29M | $32.05M | $39.04M | $41.35M | $41.78M | $29.13M | $39.94M | $21.22M | $39.10M | $26.48M | $35.58M | $19.29M | $19.60M | $14.28M | $27.21M | $22.39M | $15.24M | $12.82M | $26.34M | $29.38M | $29.83M | $27.16M | $23.32M | $23.44M | $27.24M | $21.71M | $22.28M | $18.72M |
| Surprise % | - | - | - | - | 1.07% | 0.96% | 1.01% | 1.12% | 0.97% | 1.52% | 1.04% | 1.19% | 0.98% | 1.30% | 1.28% | 1.77% | 1.00% | 0.96% | 1.31% | 1.92% | 0.89% | 0.76% | 0.78% | 0.94% | 0.97% | 0.99% | 0.86% | 1.08% | 0.98% | 1.18% |
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 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 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 20 | 8 | 9 | 12 | 16 |
| 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 | $0.33 | $0.42 | $0.31 | $0.34 | $0.25 | $0.22 |
| 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 | $0.46 | $0.43 | $0.47 | $0.33 | $0.38 | $0.23 |
| High Forecast | $0.98 | $0.86 | $0.70 | $0.58 | $0.63 | $0.74 | $0.73 | $0.65 | $0.72 | $0.74 | $0.72 | $0.63 | $0.65 | $0.60 | $0.51 | $0.39 | $0.44 | $0.40 | $0.23 | $0.32 | $0.54 | $0.52 | $0.54 | $0.49 | $0.55 | $0.52 | $0.56 | $0.40 | $0.46 | $0.28 |
| Low Forecast | $0.97 | $0.85 | $0.69 | $0.57 | $0.62 | $0.74 | $0.73 | $0.64 | $0.72 | $0.74 | $0.72 | $0.63 | $0.64 | $0.59 | $0.50 | $0.39 | $0.44 | $0.39 | $0.23 | $0.32 | $0.53 | $0.51 | $0.54 | $0.48 | $0.37 | $0.34 | $0.38 | $0.26 | $0.30 | $0.18 |
| 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% | 0.72% | 0.98% | 0.66% | 1.03% | 0.66% | 0.96% |
According to 1 Wall Street analysts, Novanta's projected average Quarter EPS for Mar 24 is $0.58, with a low estimate of $0.57 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 | $34.66 | $52.36 | 51.07% | Buy |
| FTV | Fortive | $73.60 | $86.38 | 17.36% | Buy |
| NOVT | Novanta | $171.12 | $175.00 | 2.27% | Buy |
| ESE | ESCO | $119.81 | $120.00 | 0.16% | Buy |
| VNT | Vontier | $33.14 | $32.67 | -1.42% | Buy |
| MLAB | Mesa Laboratories | $125.71 | $120.00 | -4.54% | Buy |
| BMI | Badger Meter | $209.08 | $199.20 | -4.73% | Hold |
| ITRI | Itron | $102.54 | $89.91 | -12.32% | Buy |
NOVT Forecast FAQ
Is Novanta a good buy?
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.
What is NOVT's price target?
Novanta (NOVT) average price target is $175 with a range of $175 to $175, implying a 2.27% from its last price of $171.12. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Novanta stock go up soon?
According to Wall Street analysts' prediction for NOVT stock, the company can go up by 2.27% (from the last price of $171.12 to the average price target of $175), up by 2.27% based on the highest stock price target, and up by 2.27% based on the lowest stock price target.
Can Novanta stock reach $300?
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.
What are Novanta's analysts' financial forecasts?
NOVT's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $967.79M (high $970.07M, low $965.19M), average EBITDA is $175.02M (high $181.8M, low $168.2M), average net income is $110.11M (high $114.22M, low $105.96M), average SG&A $177.53M (high $185.87M, low $169.15M), and average EPS is $3.1 (high $3.11, low $3.09).
Did the NOVT's actual financial results beat the analysts' financial forecasts?
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%