# Novanta Inc.  Share Price Target ‘$164.50’, now 2.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/novanta-inc.share-price-target-164.50-now-2.5-upside-potential/4121142050
- Published: 2024-02-09T14:00:00+00:00
- Author: Charlotte Edwards

**Novanta Inc.** with ticker code (NOVT) now have 2 market analysts covering the
stock. The analyst consensus now points to a rating of ‘buy’. The range between 
the high target price and low target price is between $167.00 and $162.00 calculating
the mean target share price we have $164.50. (at the time of writing). Now with 
the previous closing price of $160.52 this indicates there is a potential upside
of 2.5%. Also worth taking note is the 50 day moving average now sits at $158.41
and the 200 day MA is $157.57. The company has a market cap of 5.85B. The stock 
price for the company is currently $163.28 USD

 The potential market cap would be $5,992,097,906 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 77.38, revenue per share of $24.81
and a 6.56% return on assets.

Novanta Inc. is a global supplier of core technology solutions to medical and advanced
industrial original equipment manufacturers. Its segments include Photonics, Vision,
and Precision Motion. The Photonics segment designs, manufactures and markets photonics-
based solutions, including laser scanning, laser beam delivery, carbon dioxide (
CO2) laser, solid state laser, ultrafast laser, and optical light engine products
to customers worldwide. The Vision segment designs, manufactures and markets a range
of medical grade technologies, including medical insufflators, pumps and related
disposables; visualization solutions; wireless technologies, video recorder and 
video integration technologies. The Precision Motion segment designs, manufactures
and markets optical and inductive encoders, precision motors, servo drives and motion
control solutions, integrated stepper motors, intelligent robotic end-of-arm technology
solutions, air bearings, and air bearing spindles to customers worldwide.

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