IMAX Seen Gaining Market Share on Global Footprint Expansion -- Market Talk
Dow Jones
Nov 28, 2024
1538 ET - IMAX should continue to add market gains in 2025, Wedbush analysts say in a research note. The company's recent installations have been very productive, and there's room for growth. Its analysis indicated that it is only 47% of penetrated globally, and overall IMAX is poised to surpass peak Ebitda margins in the next three years, the analysts say. "We think IMAX can roughly double its screen base and think it should be able to accelerate its annual screen growth as its theater partners return to profitability and have more disposable cash to upgrade theaters," the analysts add. Shares rise 3.7% to $26.16. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
November 27, 2024 15:38 ET (20:38 GMT)
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