# Novanta Inc.  Share Price Target ‘$178.50’, now 11.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/novanta-inc.share-price-target-178.50-now-11.4-upside-potential/4121163946
- Published: 2024-07-05T15:29:45+01:00
- Author: Charlotte Edwards

**Novanta Inc.** with ticker code (NOVT) now have 2 confirmed analysts covering 
the stock with the consensus suggesting a rating of ‘buy’. The target price High/
Low ranges between $187.00 and $170.00 with the average share target price sitting
at $178.50. (at the time of writing). Now with the previous closing price of $160.29
this would indicate that there is a potential upside of 11.4%. Also worth taking
note is the 50 day moving average now sits at $161.88 while the 200 day moving average
is $156.64. The market capitalization for the company is 5.69B. The current share
price for the company is: $158.57 USD

 The potential market cap would be $6,338,310,305 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 82.59, revenue per share of $24.91
and a 5.53% 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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