IMAX (NYSE:IMAX) Sets New 52-Week High After Analyst Upgrade

IMAX Corporation (NYSE:IMAX)’s stock price reached a new 52-week high during trading on Thursday after Benchmark raised their price target on the stock from $42.00 to $44.00. Benchmark currently has a buy rating on the stock. IMAX traded as high as $40.00 and last traded at $39.9350, with a volume of 213642 shares trading hands. The stock had previously closed at $36.52.

Several other equities research analysts have also recently commented on the company. Roth Mkm reaffirmed a “buy” rating and set a $42.00 target price on shares of IMAX in a research note on Monday, December 8th. B. Riley Financial reiterated a “buy” rating on shares of IMAX in a research report on Monday, December 8th. JPMorgan Chase & Co. upgraded shares of IMAX from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $32.00 to $47.00 in a report on Monday, December 15th. Rosenblatt Securities restated a “buy” rating and issued a $47.00 target price on shares of IMAX in a research note on Tuesday. Finally, The Goldman Sachs Group raised IMAX from a “sell” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $34.00 in a research note on Tuesday, November 25th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.90.

Key Stories Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Q4 beat: IMAX reported Q4 EPS of $0.58 vs. $0.43 consensus and revenue of $125.2M (up 35% year-over-year), signaling healthy margin and top-line beats that drove investor optimism. IMAX Q4 earnings / MarketBeat
• Positive Sentiment: Tentpole performance: Strong box-office from Avatar: Fire & Ash materially boosted IMAX’s quarter and helped the company reach a record $1.28B global IMAX box office in 2025. ‘Avatar: Fire & Ash’ Lifts IMAX Quarterly Earnings / Variety
• Positive Sentiment: 2026 box-office target and slate expansion: Management outlined a $1.4B global box-office target for 2026 and is expanding premium content and network reach — a clear revenue-growth thesis for investors. IMAX outlines $1.4B 2026 target / Seeking Alpha
• Positive Sentiment: Upcoming premium releases & non‑movie content: IMAX secured exclusive opening-weekend play for Dune 3 and select-market screenings of Avengers Doomsday; Studio Ghibli’s Kiki and live F1 broadcasts will also fill screens and diversify revenue. Dune 3 exclusive / Beebom
• Positive Sentiment: Analyst support: Rosenblatt reiterated a Buy with a $47 price target and Wedbush kept an Outperform, reinforcing the bullish investor narrative. Rosenblatt reiterates Buy / AmericanBankingNews
• Neutral Sentiment: Details and disclosures: Full Q4 earnings call transcript, slide deck and press release are available for investors who want granular operational and guidance color. Q4 2025 earnings call transcript / Seeking Alpha
• Negative Sentiment: Valuation and concentration risk: IMAX trades at a high P/E (~55) and remains dependent on a handful of tentpole releases each year, which can amplify volatility if big releases underperform. IMAX stock profile / MarketBeat

Institutional Trading of IMAX

A number of hedge funds have recently added to or reduced their stakes in the business. Orbis Allan Gray Ltd raised its holdings in shares of IMAX by 31.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company’s stock valued at $142,960,000 after purchasing an additional 1,230,267 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in IMAX by 44.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,346,486 shares of the company’s stock valued at $86,726,000 after acquiring an additional 723,861 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of IMAX by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,213,829 shares of the company’s stock worth $44,864,000 after acquiring an additional 20,863 shares in the last quarter. Nantahala Capital Management LLC boosted its position in shares of IMAX by 24.9% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,133,993 shares of the company’s stock worth $31,706,000 after purchasing an additional 225,742 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in IMAX by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,104,071 shares of the company’s stock valued at $40,806,000 after buying an additional 20,079 shares in the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

IMAX Price Performance

The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 57.97, a P/E/G ratio of 1.91 and a beta of 0.38. The firm has a fifty day simple moving average of $36.23 and a two-hundred day simple moving average of $33.81.

About IMAX

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.