Novanta Inc (NOVT) Stock Forecast Oct. 14, 2026
Analysis updated on Oct. 14, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq
Novanta Inc (NOVT) stock forecast summary
Our AI ranks Novanta Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Novanta Inc is a mid-cap company with a market capitalization of $5.50B. It ranks number 3 by market capitalization among the 30 Miscellaneous Electrical Machinery, Equipment & Supplies issuers in our coverage with a current forecast.
A per-ticker accuracy statistic for NOVT is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +4.5%, buy ≥ +3.4%, sell < +2.1%, strong sell < +0.9% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-13 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NOVT included.
Follow NOVT freeNOVT price chart and AI forecast
How NOVT ranks among 5379 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Novanta Inc (NOVT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Miscellaneous Electrical Machinery, Equipment & Supplies peers listed below that report each metric.
Valuation & Market
| Metric | NOVT | Rank |
|---|---|---|
| Market Cap | $5.50B | 3/30 |
| P/E Ratio | 89.12x | – |
| P/B Ratio | 3.41x | 5/20 |
| EPS | $1.65 | – |
| Book Value/Share | $42.74 | – |
| Revenue/Share | $27.23 | – |
| FCF/Share | $3.02 | – |
Profitability & Margins
| Metric | NOVT | Rank |
|---|---|---|
| ROE | 3.8% | 4/19 |
| ROA | 2.9% | 3/26 |
| ROIC | 4.9% | 5/24 |
| Gross Margin | 44.5% | 6/30 |
| Operating Margin | 9.0% | 3/31 |
| Net Margin | 6.0% | 4/24 |
| EBT Margin | 7.7% | 4/33 |
| Tax Rate | 22.5% | – |
Financial Health
| Metric | NOVT | Rank |
|---|---|---|
| Current Ratio | 4.57x | 9/32 |
| Quick Ratio | 3.79x | 5/29 |
| D/E Ratio | 0.32x | 17/24 |
| Financial Leverage | 1.32x | 17/24 |
| Interest Coverage | 4.7x | 4/31 |
| Working Capital | $878M | 4/32 |
Cash Flow
| Metric | NOVT | Rank |
|---|---|---|
| Operating Cash Flow | $134M | 4/36 |
| Free Cash Flow | $114M | 4/21 |
| Capital Spending | -$20M | 13/21 |
| OCF Growth YoY | 1.9% | 3/7 |
| FCF Growth YoY | -3.0% | 3/7 |
| FCF/Sales | 11.1% | 3/19 |
| CapEx/Sales | 1.9% | 11/19 |
Operational Efficiency
| Metric | NOVT | Rank |
|---|---|---|
| Asset Turnover | 0.48x | 16/21 |
| Receivables Turnover | 5.8x | 13/21 |
| Inventory Turnover | 3.0x | 15/28 |
| Fixed Assets Turnover | 8.6x | 9/22 |
| Days Sales Outstanding | 63 days | 8/21 |
| Days Inventory | 123 days | 14/28 |
| Payables Period | 62 days | 17/25 |
| Cash Conversion Cycle | 124 days | 7/18 |
Income Statement
| Metric | NOVT | Rank |
|---|---|---|
| Total Revenue | $1.03B | 6/22 |
| Operating Income | $92M | 3/34 |
| Net Income | $61M | 3/26 |
| R&D Expense | $94M | 4/27 |
| SG&A Expense | $217M | 6/23 |
| Cost of Goods Sold | $571M | 5/30 |
Dividend & Shareholder Information
| Metric | NOVT | Rank |
|---|---|---|
| Shares Outstanding | 38M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.12B | 52.5% of assets |
| Cash & Short-term Investments | $719M | 33.6% of assets |
| Accounts Receivable | $179M | 8.4% of assets |
| Inventory | $193M | 9.0% of assets |
| Total Liabilities | $523M | 24.4% of assets |
| Short-term Debt | $148M | 6.9% of assets |
NOVT quarterly financials and insider trading
Novanta Inc (NOVT) industry peers
Companies classified under the same SEC industry code as Novanta Inc (Miscellaneous Electrical Machinery, Equipment & Supplies): 42 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| NOVT Novanta Inc | ▼ | $5.50B |
| CAE Cae Inc | ▼ | $7.51B |
| ENS Enersys | ▶ | $6.43B |
| ATKR Atkore Inc. | ▼ | $3.20B |
| QS Quantumscape Corp | ▲ | $2.55B |
| SPB Spectrum Brands Holdings, Inc. | ▼ | $1.77B |
| ENR Energizer Holdings, Inc. | ▼ | $1.50B |
| FLNC Fluence Energy, Inc. | ▲ | $1.25B |
| AMPX Amprius Technologies, Inc. | ▲ | $1.25B |
| EOSE Eos Energy Enterprises, Inc. | ▲ | $845M |
| NRGV Energy Vault Holdings, Inc. | ▲ | $566M |
| ENVX Enovix Corp | ▲ | $551M |
| SLDP Solid Power, Inc. | ▲ | $491M |
| SES Ses Ai Corp | ▲ | $371M |
| MVST Microvast Holdings, Inc. | ▲ | $213M |
| NVX Novonix Ltd | ▲ | $203M |
| CHPT Chargepoint Holdings, Inc. | ▲ | $194M |
| NEOV Neovolta Inc. | ▲ | $105M |
| BYRN Byrna Technologies Inc. | ▲ | $103M |
| ULBI Ultralife Corp | ▲ | $103M |
| GAUZ Gauzy Ltd. | ▼ | $85M |
| STI Solidion Technology Inc. | ▼ | $41M |
| PPSI Pioneer Power Solutions, Inc. | ▲ | $33M |
| AUSI Aura Systems Inc | ▶ | $29M |
| AETN Aeternum Health, Inc. | ▼ | $12M |
| DFLI Dragonfly Energy Holdings Corp. | ▲ | $6M |
| POLA Polar Power, Inc. | ▶ | $4M |
| TOGI Turnongreen, Inc. | ▼ | $4M |
| GWH Ess Tech, Inc. | ▼ | $3M |
| CETI Cyber Enviro-Tech, Inc. | ▼ | $2M |
| ADNH Advent Technologies Holdings, Inc. | ▼ | N/A |
| ADSE Ads-Tec Energy Public Ltd Co | ▼ | N/A |
| BEEM Beam Global | ▶ | N/A |
| BLNK Blink Charging Co. | ▲ | N/A |
| ELVA Electrovaya Inc. | ▲ | N/A |
| EMAT Evolution Metals & Technologies Corp. | ▼ | N/A |
| FLUX Flux Power Holdings, Inc. | ▶ | N/A |
| LASE Laser Photonics Corp | ▶ | N/A |
| NVVE Nuvve Holding Corp. | ▼ | N/A |
| OZSC Ozop Energy Solutions, Inc. | ▼ | N/A |
| WBX Wallbox N.V. | ▲ | N/A |
| XPON Expion Energy, Inc. | ▲ | N/A |
Where NOVT sits on the market map
Novanta Inc (NOVT) stock news
Loading...
Novanta Inc (NOVT) stock forecast FAQ
What is the Novanta Inc (NOVT) stock forecast?
Our AI ranks Novanta Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Novanta Inc stock predictions?
A per-ticker accuracy statistic for NOVT is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Novanta Inc forecasts updated?
Novanta Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 14, 2026.
Which companies are Novanta Inc's industry peers?
42 issuers in our coverage, NOVT included, share the SEC industry code Miscellaneous Electrical Machinery, Equipment & Supplies. The largest are: Cae Inc (CAE), Enersys (ENS), Atkore Inc. (ATKR), Quantumscape Corp (QS), Spectrum Brands Holdings, Inc. (SPB), Energizer Holdings, Inc. (ENR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.