IMAX (NYSE:IMAX) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of IMAX (NYSE:IMAX) in a research note issued to investors on Monday morning,Benzinga reports. Wedbush currently has a $46.00 target price on the stock.

Several other research analysts have also recently issued reports on IMAX. The Goldman Sachs Group upgraded IMAX from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $22.00 to $34.00 in a research note on Tuesday, November 25th. B. Riley Financial reaffirmed a “buy” rating on shares of IMAX in a research report on Monday, December 8th. Weiss Ratings reissued a “buy (b)” rating on shares of IMAX in a report on Monday, December 29th. Wells Fargo & Company boosted their price target on IMAX from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Finally, Barrington Research restated an “outperform” rating and issued a $42.00 price objective on shares of IMAX in a research report on Monday, January 26th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.70.

IMAX Stock Performance

IMAX opened at $36.81 on Monday. The stock’s 50 day moving average price is $36.27 and its 200-day moving average price is $33.70. IMAX has a one year low of $20.48 and a one year high of $39.98. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 51.85, a P/E/G ratio of 1.87 and a beta of 0.38.

Hedge Funds Weigh In On IMAX

Institutional investors have recently added to or reduced their stakes in the stock. Aurora Investment Counsel increased its stake in shares of IMAX by 0.4% in the 3rd quarter. Aurora Investment Counsel now owns 70,235 shares of the company’s stock worth $2,300,000 after acquiring an additional 308 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of IMAX by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock worth $34,000 after buying an additional 317 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of IMAX by 28.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,489 shares of the company’s stock worth $55,000 after buying an additional 332 shares during the last quarter. GAMMA Investing LLC raised its position in shares of IMAX by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock valued at $69,000 after buying an additional 342 shares during the period. Finally, Arizona State Retirement System lifted its holdings in IMAX by 2.8% in the third quarter. Arizona State Retirement System now owns 13,517 shares of the company’s stock valued at $443,000 after acquiring an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Key IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Wedbush reaffirmed IMAX as a Best Idea with an “Outperform” rating and $46 price target, citing market-share gains and a strong content pipeline — a clear analyst endorsement that supports upside. IMAX remains on Wedbush Best Ideas List ahead of Q4 earnings
• Positive Sentiment: IMAX reported $28M at the China box office over the Chinese New Year week, capturing ~3.4% of national box office on under 1% of screens — strong leverage in a major market. IMAX Lights Up Chinese New Year with $28 Million at the China Box Office
• Positive Sentiment: IMAX will present at the Morgan Stanley TMT Conference (CFO fireside and one-on-ones), increasing investor access ahead of earnings — a typical near-term positive for sentiment and coverage. IMAX To Present at the Morgan Stanley Technology, Media & Telecom Conference
• Positive Sentiment: IMAX is expanding live-event content by screening some F1 races live in IMAX theaters this season — diversification of programming could drive incremental attendance and premium pricing. Some F1 races will air live in IMAX theaters this season. Here’s what to know
• Positive Sentiment: Box-office coverage highlights titles (notably Elvis) performing strongly in IMAX auditoriums, underscoring the company’s ability to capture premium grosses from tentpoles. Box office report: GOAT climbs to #1, Elvis dominates in IMAX
• Positive Sentiment: Studio Ghibli’s Kiki’s Delivery Service is scheduled for an IMAX re-release (trailer/poster out), adding catalog/repeat-business opportunities from loyal cinephile audiences. Gorgeous Trailer + Poster for ‘Kiki’s Delivery Service’ IMAX Re-Release
• Neutral Sentiment: Promotional events (e.g., early IMAX screenings like Maggie Gyllenhaal’s The Bride) help local engagement but are limited in scale for nationwide revenue impact. Win Tickets to Our Early IMAX Screening of Maggie Gyllenhaal’s ‘The Bride!’
• Neutral Sentiment: Additional press on the Kiki re-release (UK coverage) reiterates international catalog strategy; useful for steady attendance but not a one-off catalyst. Studio Ghibli Classic Kiki’s Delivery Service Set For IMAX Cinema Re-Release In March
• Negative Sentiment: Some coverage frames the $28M China haul as down from last year’s peak, which could temper sentiment around growth trajectory in IMAX China. Imax Posts $28 Million Chinese New Year Box Office, Down From Last Year’s High
• Negative Sentiment: A feature about Jeffrey Epstein’s plan for an IMAX on his island draws reputational attention; while not company-originated, such associations can introduce headline risk. Jeffrey Epstein’s 600-inch fantasy: An IMAX on his island

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.