IMAX (NYSE:IMAX) Stock Price Expected to Rise, Wedbush Analyst Says

IMAX (NYSE:IMAX) had its price target increased by research analysts at Wedbush from $46.00 to $54.00 in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective suggests a potential upside of 24.97% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Barrington Research increased their price objective on shares of IMAX from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Roth Capital upped their target price on shares of IMAX to $48.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of IMAX from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings upgraded shares of IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $42.00 price target on shares of IMAX in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.36.

IMAX Trading Down 1.7%

IMAX opened at $43.21 on Friday. The stock has a market cap of $2.38 billion, a PE ratio of 60.02, a P/E/G ratio of 1.59 and a beta of 0.37. IMAX has a 1 year low of $24.20 and a 1 year high of $45.88. The stock’s 50 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 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.13. IMAX had a return on equity of 15.65% and a net margin of 9.84%.The business had revenue of $102.84 million during the quarter, compared to analyst estimates of $96.09 million. During the same period in the prior year, the company posted $0.26 earnings per share. IMAX’s revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that IMAX will post 1.3 earnings per share for the current fiscal year.

Insider Activity at IMAX

In other news, CEO Richard L. Gelfond sold 8,943 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $37.33, for a total value of $333,842.19. Following the sale, the chief executive officer owned 765,002 shares in the company, valued at approximately $28,557,524.66. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

Hedge Funds Weigh In On IMAX

Several institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new position in IMAX in the third quarter valued at about $27,000. Quarry LP increased its holdings in shares of IMAX by 166.8% during the fourth quarter. Quarry LP now owns 875 shares of the company’s stock worth $32,000 after buying an additional 547 shares in the last quarter. Torren Management LLC acquired a new stake in shares of IMAX during the fourth quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of IMAX by 2,310.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company’s stock worth $38,000 after buying an additional 1,109 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of IMAX by 863.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company’s stock valued at $62,000 after acquiring an additional 1,493 shares during the last quarter. 93.51% of the stock is owned by institutional investors.

Key Stories Impacting IMAX

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.