IMAX, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Patrick Sholl from Barrington reiterated a Buy rating on the stock and has a $37.00 price target.
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Patrick Sholl has given his Buy rating due to a combination of factors that highlight IMAX’s strong market position and growth potential. The company’s box office performance has been impressive, with a 40% increase quarter-to-date compared to the previous year, driven by a robust lineup of Hollywood films and local language content. This growth is expected to continue with an encouraging slate for the remainder of 2025 and into 2026, including major releases like ‘Tron: Ares’ and ‘Avatar’.
Additionally, IMAX’s strategic expansion of its screen base, particularly in international markets such as China, Australia, and Germany, supports its growth trajectory. The company’s ability to distribute a diverse range of content, including live events and gaming, further enhances its market appeal. These factors, combined with a reaffirmed OUTPERFORM rating and a price target of $37, underscore the positive outlook for IMAX’s continued box office growth and market share expansion.
In another report released yesterday, Wedbush also maintained a Buy rating on the stock with a $39.00 price target.