# Novanta Inc.  Share Price Target ‘$164.50’, now 3.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/novanta-inc.share-price-target-164.50-now-3.2-upside-potential/4121142850
- Published: 2024-02-16T12:57:06+00:00
- Author: Charlotte Edwards

**Novanta Inc.** which can be found using ticker (NOVT) now have 2 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The target
price High/Low ranges between $167.00 and $162.00 calculating the average target
share price we see $164.50. (at the time of writing). Given that the stocks previous
close was at $159.34 and the analysts are correct then there would likely be a percentage
uptick in value of 3.2%. Also worth taking note is the 50 day moving average now
sits at $159.75 and the 200 moving average now moves to $157.74. The market cap 
for the company is 5.87B. The current share price for the company is: $163.87 USD

 The potential market cap would be $6,058,285,072 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 78.03, 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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