B.Riley Reiterates Buy Rating on IMAX Corporation (IMAX)

B.Riley analyst Eric Wold reiterated a Buy rating and $30.00 price target on IMAX Corporation (NYSE: IMAX).

The analyst commented: "On Monday, 9/23, we hosted an NDR in Boston with the management of IMAX Corporation, which included CFO Natasha Fernandes and SVP of Investor Relations Jennifer Horsley. We came away from the day of meetings increasingly confident that IMAX is positioned for stronger growth and expanding margins in 2025 as the combination of the shift to premium moviegoing experiences and strengthening global IMAX system demand plays into an attractive film slate that is heavily leveraged to “IMAX DNA.” While our 2025 estimates are already above consensus levels, we see the potential for more upside as further box office share gains flow through with high incremental contribution margins. With a belief this should play a role in driving a more appropriate valuation multiple for IMAX shares over the next 12 months, we reiterate our Buy rating and $30 PT."

For an analyst ratings summary and ratings history on IMAX Corporation click here. For more ratings news on IMAX Corporation click here.

Shares of IMAX Corporation closed at $19.74 yesterday.

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