In a report released today, Mike Hickey from Benchmark Co. reiterated a Buy rating on IMAX (IMAX – Research Report), with a price target of $30.00.
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Mike Hickey has given his Buy rating due to a combination of factors pointing to a promising future for IMAX. A major element is the company’s anticipated strong performance in 2025, highlighted by an impressive film lineup and a rebound in China’s box office, marked by record-breaking Chinese New Year results. The increasing number of films shot in the IMAX format, alongside the success of local-language films and major Hollywood releases, signals a sustained resurgence in the box office, particularly in China.
Furthermore, the expansion of IMAX’s global presence through the installation of numerous new systems strengthens its position as a leader in large-format cinema. The strategic partnership with Netflix for the exclusive theatrical release of Narnia showcases IMAX’s capacity to forge innovative industry partnerships and tap into new growth avenues. Lastly, IMAX’s financial guidance for 2025, with projections of record-breaking box office performance and strong AEBITDA margins, supports the Buy rating by promising operational efficiency and robust revenue growth.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $32.00 price target.
Based on the recent corporate insider activity of 29 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.