Novanta Inc (NOVT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · 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 $4.87B. It ranks number 3 by market capitalization among the 43 Miscellaneous Electrical Machinery, Equipment & Supplies issuers in our coverage with a current forecast.
For NOVT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 24.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 9.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NOVT included.
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How NOVT ranks among 5184 stocks
90D Alpha 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 | $4.87B | 3/43 |
| P/E Ratio | 78.05x | 2/8 |
| P/B Ratio | 3.01x | 9/25 |
| EPS | $1.65 | – |
| Book Value/Share | $42.74 | – |
| Revenue/Share | $27.23 | – |
| FCF/Share | $3.02 | – |
Profitability & Margins
| Metric | NOVT | Rank |
|---|---|---|
| ROE | 3.8% | 5/19 |
| ROA | 2.9% | 4/26 |
| ROIC | 4.9% | 6/26 |
| Gross Margin | 44.5% | 6/31 |
| Operating Margin | 9.0% | 4/34 |
| Net Margin | 6.0% | 5/24 |
| EBT Margin | 7.7% | 5/36 |
| Tax Rate | 22.5% | – |
Financial Health
| Metric | NOVT | Rank |
|---|---|---|
| Current Ratio | 4.57x | 10/38 |
| Quick Ratio | 3.79x | 5/34 |
| D/E Ratio | 0.32x | 21/28 |
| Financial Leverage | 1.32x | 21/28 |
| Interest Coverage | 4.7x | 4/32 |
| Working Capital | $878M | 4/37 |
Cash Flow
| Metric | NOVT | Rank |
|---|---|---|
| Operating Cash Flow | $134M | 5/40 |
| Free Cash Flow | $114M | 5/25 |
| Capital Spending | -$20M | 14/25 |
| OCF Growth YoY | 1.9% | 4/8 |
| FCF Growth YoY | -3.0% | 4/8 |
| FCF/Sales | 11.1% | 4/22 |
| CapEx/Sales | 1.9% | 13/22 |
Operational Efficiency
| Metric | NOVT | Rank |
|---|---|---|
| Asset Turnover | 0.48x | 17/22 |
| Receivables Turnover | 5.8x | 15/24 |
| Inventory Turnover | 3.0x | 17/30 |
| Fixed Assets Turnover | 8.6x | 9/25 |
| Days Sales Outstanding | 63 days | 8/24 |
| Days Inventory | 123 days | 14/30 |
| Payables Period | 62 days | 17/27 |
| Cash Conversion Cycle | 124 days | 7/20 |
Income Statement
| Metric | NOVT | Rank |
|---|---|---|
| Total Revenue | $1.03B | 7/25 |
| Operating Income | $92M | 4/37 |
| Net Income | $62M | 4/26 |
| R&D Expense | $94M | 5/29 |
| SG&A Expense | $217M | 7/24 |
| Cost of Goods Sold | $571M | 6/31 |
Dividend & Shareholder Information
| Metric | NOVT | Rank |
|---|---|---|
| Shares Outstanding | 38M | – |
| Net Income Growth | 0.7% | 1/5 |
| EPS Growth | 9.3% | 2/8 |
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): 44 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 (Alpha) | Market Cap |
|---|---|---|
| NOVT Novanta Inc | ▼ | $4.87B |
| CAE Cae Inc | ▼ | $7.75B |
| ENS Enersys | ▼ | $6.08B |
| ATKR Atkore Inc. | ▼ | $3.21B |
| QS Quantumscape Corp | ▲ | $2.48B |
| SPB Spectrum Brands Holdings, Inc. | ▶ | $1.85B |
| ENR Energizer Holdings, Inc. | ▼ | $1.49B |
| AMPX Amprius Technologies, Inc. | ▶ | $1.13B |
| EMAT Evolution Metals & Technologies Corp. | ▼ | $958M |
| FLNC Fluence Energy, Inc. | ▶ | $830M |
| ADSE Ads-Tec Energy Public Ltd Co | ▲ | $745M |
| EOSE Eos Energy Enterprises, Inc. | ▶ | $663M |
| ENVX Enovix Corp | ▲ | $546M |
| NRGV Energy Vault Holdings, Inc. | ▲ | $516M |
| FAC Factorial Energy Inc. | ▼ | $509M |
| SLDP Solid Power, Inc. | ▲ | $459M |
| ELVA Electrovaya Inc. | ▼ | $256M |
| SES Ses Ai Corp | ▲ | $239M |
| MVST Microvast Holdings, Inc. | ▶ | $199M |
| CHPT Chargepoint Holdings, Inc. | ▲ | $186M |
| NEOV Neovolta Inc. | ▲ | $129M |
| BYRN Byrna Technologies Inc. | ▶ | $110M |
| ULBI Ultralife Corp | ▲ | $100M |
| WBX Wallbox N.V. | ▶ | $66M |
| BLNK Blink Charging Co. | ▶ | $61M |
| NVX Novonix Ltd | ▶ | $57M |
| LASE Laser Photonics Corp | ▼ | $44M |
| STI Solidion Technology Inc. | ▼ | $37M |
| PPSI Pioneer Power Solutions, Inc. | ▶ | $30M |
| AUSI Aura Systems Inc | ▲ | $30M |
| BEEM Beam Global | ▶ | $20M |
| AETN Aeternum Health, Inc. | ▼ | $12M |
| FLUX Flux Power Holdings, Inc. | ▼ | $9M |
| DFLI Dragonfly Energy Holdings Corp. | ▲ | $5M |
| GAUZ Gauzy Ltd. | ▼ | $4M |
| XPON Expion Energy, Inc. | ▶ | $4M |
| TOGI Turnongreen, Inc. | ▲ | $4M |
| GWH Ess Tech, Inc. | ▼ | $3M |
| POLA Polar Power, Inc. | ▶ | $3M |
| GWHT Ess Tech, Inc. | ▼ | $3M |
| CETI Cyber Enviro-Tech, Inc. | ▼ | $1M |
| NVVE Nuvve Holding Corp. | ▼ | $970K |
| ADNH Advent Technologies Holdings, Inc. | ▼ | $10K |
| OZSC Ozop Energy Solutions, Inc. | ▼ | N/A |
Where NOVT sits on the market map
Novanta Inc (NOVT) stock news
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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?
For NOVT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 24.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 9.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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. 16, 2026.
Which companies are Novanta Inc's industry peers?
44 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.