Novanta (NOVT) Stock: Buy, Sell, or Hold?
NOVT - Novanta Inc. Common Stock
$134.21
-5.73 (-4.09%)
▼
5d:
-0.44%
30d:
-7.08%
90d:
-5.18%
BUY
HIGH Confidence
Analysis Updated: Oct 22, 2026 12:00 AM ET
Earnings: Nov 09, 2026
17d
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Interactive Price Chart (1 Month)
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Bottom Line:
✅ BUY SIGNAL: NOVT shows strong fundamentals and good volume confirmation. Solid entry point despite oversold pricing.
✅ BUY SIGNAL: NOVT shows strong fundamentals and good volume confirmation. Solid entry point despite oversold pricing.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$183.84
Based on 11.1% avg growth
INTRINSIC VALUE TODAY
$114.15
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: NOVT is currently trading at $134.21, which is considered oversold relative to its 30-day fair value range of $134.47 to $145.60. The stock's valuation (Forward PE: 32.0) is in line with its historical norms (34.3). Remarkably, the market is currently pricing in an annual earnings decline of 2.3% over the next few years. This pessimistic expectation contrasts with the company's recent 150.0% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, NOVT is in a downtrend. Immediate support is located at $128.57, while resistance sits at $148.60. Short-term momentum is weak, with the stock down 4.1% recently.
Market Sentiment: NOVT scores 78/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Wall Street analysts see significant upside, with an average price target of $194.50 (+39.0%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, NOVT is in a downtrend. Immediate support is located at $128.57, while resistance sits at $148.60. Short-term momentum is weak, with the stock down 4.1% recently.
Market Sentiment: NOVT scores 78/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Wall Street analysts see significant upside, with an average price target of $194.50 (+39.0%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$134.47 -
$145.60
Company Quality Score
55/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
88.5%
All Signals
- BULLISH: Price oversold vs 30-day range
- BULLISH: Options cheap (IV 0th percentile)
- BULLISH: Strong technical setup (78/100)
- BULLISH: High volume confirmation
- BEARISH: Downward momentum (-4.1%)
- BULLISH: Trading 39.0% below Wall St target ($194.50)
- BULLISH: Bottoming setup score 78/100 — corrected, stabilizing, and turning up
Trading Range Analysis
30-Day Trading Range
$134.47 -
$145.60
Current vs Trading Range
OVERSOLD
Expected Move (7 Days)
±$10.01
(7.5%)
Support & Resistance Levels
Support Level
$128.57
Resistance Level
$148.60
Current Trend
Downtrend
Technical data as of
Oct 22, 2026
Fundamental Context
Forward P/E (Next Year Est.)
32.05
Wall Street Target
$194.50
(+39.0%)
Revenue Growth (YoY)
10.3%
Earnings Growth (YoY)
150.0%
Profit Margin
6.0%
Valuation Discount vs History
-2.3% cheaper
PE vs Historical
32.1 vs 34.3
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-2.3%
(market-implied from PE analysis)
1-Year Target
$136.72
(-2%)
2-Year Target
$133.58
(-5%)
3-Year Target
$130.50
(-7%)
3-Yr Target (if PE normalizes)
(PE: 32→34)
$139.68
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 32.0, Growth: 18.2%)
$231.29
(+65%)
Base:
(SPY PE: 19.9, Growth: 18.2%)
$143.33
(+2%)
Bear:
(PE: 16.9, Growth: 18.2%)
$121.83
(-13%)
📈
Valuation based on Current Earnings
Forward PE: 8.39 | Forward EPS (Implied): $16.68
Bull Case
$168.98
(+21%)
Analyst growth 15.0%, PE expands to 8.8
Base Case
$139.94
(0%)
Market implied 0.0%, PE stable at 8.4
Bear Case
$107.05
(-24%)
Severe decline -15.0%, PE contracts to 7.6
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 32.0 to 34.3
Stabilization Target:
$149.78
(+7.0%)
PE Expansion Potential:
+7.0%
Share & Embed Analysis
Last updated: October 22, 2026 2:35 PM ET
Data refreshes hourly during market hours. Next update: 3:35 PM
Data refreshes hourly during market hours. Next update: 3:35 PM
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Technical Signals Check
Is NOVT showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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Advanced NOVT Option Strategies
Professional options setups generated by AI based on today's NOVT price and gamma walls.
