IMAX (NYSE:IMAX) Given New $45.00 Price Target at Wells Fargo & Company

IMAX (NYSE:IMAX) had its price target hoisted by Wells Fargo & Company from $41.00 to $45.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also recently weighed in on the company. HC Wainwright reiterated a “buy” rating on shares of IMAX in a research report on Friday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 price objective on shares of IMAX in a research report on Friday, May 22nd. Barrington Research raised their price objective on shares of IMAX from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen lowered shares of IMAX from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Wedbush boosted their target price on shares of IMAX from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.36.

IMAX Stock Performance

Shares of IMAX opened at $43.21 on Friday. The business’s 50-day moving average is $39.99 and its two-hundred day moving average is $38.03. The company has a market capitalization of $2.38 billion, a P/E ratio of 60.02, a P/E/G ratio of 1.61 and a beta of 0.37. IMAX has a fifty-two week low of $24.20 and a fifty-two week high of $45.88.

IMAX (NYSE:IMAX) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $96.09 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts forecast that IMAX will post 1.3 EPS 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 that occurred on Monday, April 27th. The stock was sold at an average price of $37.33, for a total value of $333,842.19. Following the completion of the sale, the chief executive officer directly owned 765,002 shares in the company, valued at $28,557,524.66. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On IMAX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC acquired a new stake in shares of IMAX in the 3rd quarter worth $27,000. Quarry LP raised its holdings in shares of IMAX by 166.8% during the 4th quarter. Quarry LP now owns 875 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of IMAX by 2,310.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company’s stock valued at $38,000 after acquiring an additional 1,109 shares during the last quarter. Torren Management LLC acquired a new position in shares of IMAX during the 4th quarter valued at about $40,000. Finally, Aster Capital Management DIFC Ltd increased its position in IMAX by 863.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company’s stock worth $62,000 after purchasing an additional 1,493 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

Trending Headlines about 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

IMAX Company Profile

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.