# Novanta Inc.  Share Price Target ‘$178.50’, now 8.6% Upside Potential

- Link: https://www.directorstalkinterviews.com/novanta-inc.share-price-target-178.50-now-8.6-upside-potential/4121160399
- Published: 2024-06-14T15:01:24+01:00
- Author: Charlotte Edwards

**Novanta Inc.** which can be found using ticker (NOVT) have now 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 calculating the mean target share price
we have $178.50. (at the time of writing). Now with the previous closing price of
$164.44 and the analysts are correct then there would likely be a percentage uptick
in value of 8.6%. The day 50 moving average is $161.48 and the 200 moving average
now moves to $156.51. The market cap for the company is 5.77B. The stock price for
the company is currently $160.71 USD

 The potential market cap would be $6,261,885,389 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 83.71, 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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