JPMorgan Chase & Co. Issues Positive Forecast for IMAX (NYSE:IMAX) Stock Price

IMAX (NYSE:IMAX) had its price objective increased by JPMorgan Chase & Co. from $47.00 to $50.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also weighed in on IMAX. Roth Capital lifted their price objective on IMAX from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings upgraded IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Rosenblatt Securities restated a “buy” rating and issued a $47.00 price objective on shares of IMAX in a research report on Monday, July 20th. B. Riley Financial increased their target price on IMAX from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday. Finally, HC Wainwright reaffirmed a “buy” rating on shares of IMAX in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.36.

IMAX Price Performance

IMAX stock opened at $43.21 on Friday. The company has a market capitalization of $2.38 billion, a P/E ratio of 60.02, a price-to-earnings-growth ratio of 1.61 and a beta of 0.37. IMAX has a 12 month low of $24.20 and a 12 month high of $45.88. The firm’s fifty day simple moving average is $39.99 and its 200-day simple moving average is $38.03.

IMAX (NYSE:IMAX) last issued its earnings results on Thursday, July 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.13. The firm had revenue of $102.84 million during the quarter, compared to analysts’ expectations of $96.09 million. IMAX had a net margin of 9.84% and a return on equity of 15.65%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. As a group, sell-side analysts forecast that IMAX will post 1.3 earnings per share for the current year.

Insider Activity

In other news, CEO Richard L. Gelfond sold 8,943 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $37.33, for a total transaction of $333,842.19. Following the completion of the transaction, the chief executive officer directly owned 765,002 shares of the company’s stock, valued at approximately $28,557,524.66. This represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 20.55% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd grew its position in shares of IMAX by 31.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company’s stock valued at $142,960,000 after buying an additional 1,230,267 shares during the last quarter. Westfield Capital Management Co. LP increased its position in IMAX by 44.6% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,346,486 shares of the company’s stock worth $86,726,000 after buying an additional 723,861 shares during the period. Marsico Capital Management LLC acquired a new position in IMAX during the fourth quarter worth approximately $18,149,000. Balyasny Asset Management L.P. purchased a new stake in IMAX in the second quarter valued at approximately $12,568,000. Finally, Nuveen LLC lifted its stake in IMAX by 253.0% in the fourth quarter. Nuveen LLC now owns 507,377 shares of the company’s stock valued at $18,753,000 after buying an additional 363,658 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX reported better-than-expected second-quarter results, with EPS and revenue both topping Wall Street estimates, while management reaffirmed full-year guidance and highlighted margin expansion and network growth. IMAX Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Strong box-office traction for The Odyssey is boosting confidence that IMAX can sustain higher ticket sales and premium-screen utilization, with reports suggesting the film could be a transformational release for the company. The Odyssey is cleaning up for IMAX. Expect the momentum to continue
• Positive Sentiment: Analysts turned more bullish after earnings, with JPMorgan, Wells Fargo, Barrington, and Wedbush all raising price targets, and Wedbush reiterating Outperform on expectations for a stronger film pipeline, market-share gains, and international expansion. IMAX price target boosted by Wedbush on growth outlook
• Positive Sentiment: Investor attention is also being reinforced by unusual call-option activity and multiple stories about sold-out IMAX 70mm showings, signaling strong near-term demand sentiment around the stock. Imax’s CEO says it’s time to hike prices as tickets to ‘The Odyssey’ resell for $1,000
• Neutral Sentiment: IMAX disclosed a new regulatory risk tied to geopolitical, trade, and other global expansion challenges, which could matter over time but does not appear to be driving near-term trading. IMAX Confronts Rising Geopolitical, Regulatory and Trade Risks Threatening Global Expansion

About IMAX

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.