Novanta Inc has a consensus price target of $175 based on the ratings of 2 analysts. The high is $175 issued by Baird on August 7, 2024. The low is $175 issued by Baird on August 7, 2024. The 2 most-recent analyst ratings were released by Baird on August 7, 2024 and May 11, 2023, respectively. With an average price target of $168 between Baird, there's an implied -0.49% downside for Novanta Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Novanta (NASDAQ:NOVT) was reported by Baird on August 7, 2024. The analyst firm set a price target for $175.00 expecting NOVT to rise to within 12 months (a possible 3.65% upside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for Novanta (NASDAQ:NOVT) was provided by Baird, and Novanta maintained their neutral rating.
The last upgrade for Novanta Inc happened on May 11, 2022 when William Blair raised their price target to N/A. William Blair previously had a market perform for Novanta Inc.
There is no last downgrade for Novanta.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Novanta, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Novanta was filed on August 7, 2024 so you should expect the next rating to be made available sometime around August 7, 2025.
While ratings are subjective and will change, the latest Novanta (NOVT) rating was a maintained with a price target of $170.00 to $175.00. The current price Novanta (NOVT) is trading at is $168.83, which is out of the analyst’s predicted range.
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