Novanta Announces Restructuring Plan to Streamline Operations

The latest announcement is out from Novanta ( (NOVT) ).

On June 3, 2025, Novanta Inc. announced a restructuring plan aimed at streamlining operations and aligning with long-term goals. The plan includes regionalizing manufacturing, closing certain sites, and implementing cost-saving strategies, with an estimated $20 million to $25 million in pre-tax charges and anticipated annual savings of $20 million once completed. The restructuring is expected to be substantially completed within 18 months, although actual results may vary due to various risks and uncertainties.

The most recent analyst rating on (NOVT) stock is a Hold with a $160.00 price target. To see the full list of analyst forecasts on Novanta stock, see the NOVT Stock Forecast page.

Spark’s Take on NOVT Stock

According to Spark, TipRanks’ AI Analyst, NOVT is a Outperform.

Novanta’s overall stock score is driven by strong financial performance and positive earnings guidance, although high valuation and trade-related challenges mitigate some potential. The technical analysis suggests neutral momentum, adding caution to the outlook.

To see Spark’s full report on NOVT stock, click here.

More about Novanta

Average Trading Volume: 317,748

Technical Sentiment Signal: Sell

Current Market Cap: $4.58B

Find detailed analytics on NOVT stock on TipRanks’ Stock Analysis page.