Wedbush added the giant screen company to its 'best ideas list' and gave an 'outperform' rating along with a $20 price target.
Shares in Imax climbed by 68 cents, or five percent, to $14.44 on Friday as of 11:30 am PST. Wall Street bulls are betting on more near-term lift for Imax’s stock price with the release ofsequel as a potential box office bonanza for the film technology company. should be the main catalyst ahead for Imax shares as the company has been laying the groundwork ahead of this film for years,” Wells Fargo analyst Steven Cahall said in a Nov.
“As we look to 2023, we see a deeper blockbuster film slate. However, China remains enigmatic with its zero-tolerance COVID policy and an uneven pattern of theatrical industry openings/closings,” MKM Partners analyst Eric Handler said in his Nov. 1 investors note.
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