# Novanta Inc.  Share Price Target ‘$178.50’, now 12.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/novanta-inc.share-price-target-178.50-now-12.2-upside-potential/4121164718
- Published: 2024-07-12T13:50:09+01:00
- Author: Charlotte Edwards

**Novanta Inc.** with ticker code (NOVT) have now 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 $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 $159.14 this would indicate that there is a potential
upside of 12.2%. The 50 day MA is $162.14 while the 200 day moving average is $156.99.
The company has a market capitalization of 5.94B. The stock price for the company
is currently $165.59 USD

 The potential market cap would be $6,666,741,454 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 86.24, 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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