NASDAQ:NOVT - Novanta Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $109.00
  • Forecasted Upside: -16.56 %
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$130.63
▲ +2.38 (1.86%)

This chart shows the closing price for NOVT by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Novanta Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for NOVT and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for NOVT

Analyst Price Target is $109.00
▼ -16.56% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Novanta in the last 3 months. The average price target is $109.00, with a high forecast of $109.00 and a low forecast of $109.00. The average price target represents a -16.56% upside from the last price of $130.63.

This chart shows the closing price for NOVT for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Hold

The current consensus among 1 polled investment analysts is to hold stock in Novanta.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/1/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/31/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/29/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/27/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
12/26/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
3/26/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/25/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/24/2021

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/13/2020Berenberg BankInitiated CoverageHold$109.00Low
5/13/2020Robert W. BairdBoost Price TargetNeutral$80.00 ➝ $90.00High
4/2/2020William BlairDowngradeOutperform ➝ Market PerformHigh
2/28/2019Robert W. BairdBoost Price TargetNeutral ➝ Neutral$61.00 ➝ $81.00Low
5/9/2018Robert W. BairdDowngradeOutperform ➝ Neutral$54.00Low
3/1/2018Robert W. BairdReiterated RatingBuyLow
2/27/2018William BlairInitiated CoverageOutperform ➝ OutperformLow
12/7/2017Robert W. BairdInitiated CoverageOutperform ➝ Outperform$54.00High
(Data available from 6/24/2016 forward)
Novanta logo
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Its Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products for photonics-based applications, such as industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The company's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless, recorder, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. Its Precision Motion segment offers optical and inductive encoders, precision motors, motion control sub-assemblies, servo drives, air bearings, and air bearing spindles. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.
Read More

Today's Range

Now: $130.63
Low: $128.71
High: $130.99

50 Day Range

MA: $134.74
Low: $125.37
High: $141.73

52 Week Range

Now: $130.63
Low: $95.53
High: $146.16

Volume

50,228 shs

Average Volume

100,414 shs

Market Capitalization

$4.62 billion

P/E Ratio

106.20

Dividend Yield

N/A

Beta

1

Frequently Asked Questions

What sell-side analysts currently cover shares of Novanta?

The following Wall Street analysts have issued stock ratings on Novanta in the last twelve months: Berenberg Bank, TheStreet, and Zacks Investment Research.
View the latest analyst ratings for NOVT.

What is the current price target for Novanta?

1 Wall Street analysts have set twelve-month price targets for Novanta in the last year. Their average twelve-month price target is $109.00, suggesting a possible downside of 16.6%. Berenberg Bank has the highest price target set, predicting NOVT will reach $109.00 in the next twelve months. Berenberg Bank has the lowest price target set, forecasting a price of $109.00 for Novanta in the next year.
View the latest price targets for NOVT.

What is the current consensus analyst rating for Novanta?

Novanta currently has 1 hold rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in NOVT, but not buy more shares or sell existing shares.
View the latest ratings for NOVT.

What other companies compete with Novanta?

How do I contact Novanta's investor relations team?

Novanta's physical mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The technology company's listed phone number is 781-266-5700 and its investor relations email address is [email protected] The official website for Novanta is www.novanta.com.