Analyst Mike Hickey from Benchmark Co. reiterated a Buy rating on IMAX (IMAX – Research Report) and keeping the price target at $30.00.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Mike Hickey has given his Buy rating due to a combination of factors that highlight IMAX’s strong performance and growth potential. The company has started 2025 on a high note, achieving a record global box office of $298 million in Q1, with significant contributions from the Chinese market. This performance was driven by successful local language films and a robust lineup of Hollywood titles, which are expected to continue fueling growth.
IMAX’s operational metrics also support the Buy rating, with a notable increase in system signings and installations, indicating strong global demand. The company’s financial health is solid, with a substantial cash position and low leverage, allowing for strategic growth and capital returns. Furthermore, IMAX’s ability to exceed revenue and AEBITDA expectations, along with a promising content slate, positions it well for continued success in 2025 and beyond.
Hickey covers the Communication Services sector, focusing on stocks such as IMAX, National Cinemedia, and Cinemark Holdings. According to TipRanks, Hickey has an average return of 1.8% and a 58.35% success rate on recommended stocks.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $32.00 price target.