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The latest update is out from Novanta ( (NOVT) ).
On June 27, 2025, Novanta Inc. and its subsidiaries entered into a Fourth Amended and Restated Credit Agreement with several financial institutions, including Bank of America and JP Morgan Chase, to establish a $1.0 billion credit facility. This new agreement replaces the previous credit agreement scheduled to mature in March 2027 and includes a €65.31 million euro-denominated term loan, a $75.0 million U.S. dollar-denominated term loan, and an $850.0 million revolving credit facility, all maturing in June 2030. The agreement allows for an additional $350.0 million increase in commitments under certain conditions and includes various financial covenants and obligations, such as maintaining specific leverage ratios and asset security.
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 robust financial performance and strategic growth initiatives drive a strong stock score. However, the high P/E ratio suggests overvaluation, and technical indicators show mixed signals. Despite challenges from tariffs, strategic product launches and market diversification support long-term growth potential.
To see Spark’s full report on NOVT stock, click here.
More about Novanta
Average Trading Volume: 320,673
Technical Sentiment Signal: Sell
Current Market Cap: $4.71B
See more insights into NOVT stock on TipRanks’ Stock Analysis page.