IMAX, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Mike Hickey from Benchmark Co. reiterated a Buy rating on the stock and has a $32.00 price target.
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Mike Hickey has given his Buy rating due to a combination of factors that highlight IMAX’s strong market position and growth potential. The company is expected to exceed the consensus global box office expectations for Q3 2025, driven by impressive launches and strong performance in both blockbuster and local-language films. IMAX’s ability to capture significant market share and maintain momentum even without major Hollywood releases underscores its robust programming strategy.
Furthermore, IMAX has demonstrated record-breaking film performances, with notable successes such as Apple Original Films and Warner Bros.’ F1: The Movie, and Warner Bros./DC’s Superman, which have achieved high indexing and substantial global debuts. The company’s strategic alignment with studios and its expansion into diverse content formats have reinforced its brand as a premium viewing platform. With a strong slate anticipated for Q4 and beyond, coupled with a maintained price target, Mike Hickey sees compelling evidence for continued growth, justifying the Buy rating.
In another report released on August 22, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $29.00 price target.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMAX in relation to earlier this year.