Novanta Inc. (NOVT) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$138.90
Price Target
$150.00
Target Range
$150.00 — $150.00
Analyst Rating
Buy
Forward P/E39.0x
Trailing P/E94.5x
Forward PEG11.83
Implied Growth+156.1%
Median Target$150.00
Analyst Spread0.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$150
+8.0%
Consensus
$150
+8.0%
Bull Case
$150
+8.0%
Valuation Model TargetsConfidence: 59/100
Bear$124
Base$182
Bull$308
NOVT Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Novanta Inc. (NOVT) has a Wall Street consensus price target of $150.00, based on estimates from 3 covering analysts. With the stock currently trading at $138.90, this represents a potential upside of +8.0%. The company has a market capitalization of $4.95B.
Analyst price targets range from a low of $150.00 to a high of $150.00, representing a 0% spread in expectations. The median target of $150.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 2 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, NOVT trades at a trailing P/E of 94.5x and forward P/E of 39.0x. The forward PEG ratio of 11.83 reflects a premium valuation. Analysts expect EPS to grow +156.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $182.23, with bear and bull scenarios of $124.35 and $307.90 respectively. Model confidence stands at 59/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside-1.4%
Avg Forward P/E52.4x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MKSIMKS Inc. | $19.8B | $293.77 | $272.86 | -7.1% | Buy | 29.7x | 29 |
 CGNXCognex Corporation | $10.4B | $62.26 | $60.22 | -3.3% | Hold | 50.1x | 31 |
 COHRCoherent, Inc. | $64.6B | $344.67 | $252.50 | -26.7% | Buy | 64.2x | 29 |
 KLICKulicke and Soffa Industries, Inc. | $4.9B | $93.78 | $62.50 | -33.4% | Buy | 35.7x | 11 |
 IPGPIPG Photonics Corporation | $4.3B | $101.94 | $151.67 | +48.8% | Buy | 62.8x | 27 |
 AEISAdvanced Energy Industries, Inc. | $13.7B | $360.81 | $310.00 | -14.1% | Buy | 41.4x | 24 |
 LSCCLattice Semiconductor Corporation | $17.1B | $125.19 | $106.70 | -14.8% | Buy | 119.2x | 17 |
 VIAVViavi Solutions Inc. | $12.3B | $53.00 | $32.25 | -39.2% | Buy | 57.3x | 19 |
 ISRGIntuitive Surgical, Inc. | $160.4B | $451.73 | $622.60 | +37.8% | Buy | 43.7x | 55 |
 SYKStryker Corporation | $112.0B | $292.33 | $403.69 | +38.1% | Buy | 19.5x | 50 |
Upside Potential Comparison
IPGPSYKISRGCGNXMKSIAEISLSCCCOHRSee NOVT's True Return
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Start ComparisonNOVT — Frequently Asked Questions
Quick answers to the most common questions about buying NOVT stock.
What is the NOVT stock price target for 2026?
The consensus price target for NOVT is $150, close to the current price of $138.9 (8.0% implied move). Based on 3 analyst estimates, the stock appears fairly valued near current levels.
Is NOVT a buy, sell, or hold?
NOVT has a consensus rating of "Buy" based on 3 Wall Street analysts. The rating breakdown is predominantly bullish, with 2 Buy/Strong Buy ratings. The consensus 12-month price target of $150 implies 8.0% upside from current levels.
Is NOVT stock overvalued or undervalued?
At a forward P/E of 38.9807x, NOVT trades at a premium valuation. The consensus price target of $150 (8.0% upside) suggests analysts may view current valuations as stretched.
How high can NOVT stock go?
The most bullish Wall Street analyst has a price target of $150 for NOVT, while the most conservative target is $150. The consensus of $150 represents the median expectation. Our quantitative valuation model projects a bull case target of $308 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover NOVT stock?
NOVT is lightly followed, with 3 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 1 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the NOVT stock forecast?
The 12-month NOVT stock forecast based on 3 Wall Street analysts shows a consensus price target of $150, with estimates ranging from $150 (bear case) to $150 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $182, with bear/bull scenarios of $124/$308.
What is NOVT's fair value based on fundamentals?
Our quantitative valuation model calculates NOVT's fair value at $182 (base case), with a bear case of $124 and bull case of $308. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 59/100.
What is NOVT's forward P/E ratio?
NOVT trades at a forward P/E ratio of 39.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 94.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy NOVT stock?
NOVT appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $150 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do NOVT price targets vary so much?
NOVT analyst price targets range from $150 to $150, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $150 consensus represents the middle ground. Our model's $124-$308 range provides an independent fundamental perspective.