{
  "id": 4866105,
  "title": "StoneX reiterates Buy on Imax stock, sees record third quarter",
  "url": "https://urgent.news/2026/09/01/stonex-reiterates-buy-on-imax-stock-sees-record-third-quarter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T13:04:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/stonex-reiterates-buy-on-imax-stock-sees-record-third-quarter-93CH-4884119"
  },
  "original_language": "en",
  "account": "StoneX reaffirms its Buy rating and $60.00 price target for IMAX Corporation (NYSE:IMAX), anticipating a record-breaking third quarter fueled by robust box office results. The stock has skyrocketed 79% year-to-date, trading at $51.20, although InvestingPro analysis indicates the shares might be overvalued against their Fair Value estimate. In July, IMAX generated $257 million in global box office revenue, with $116 million domestically, $104 million overseas, and $37 million in Greater China. Anticipating further growth, StoneX forecasts an additional $320 million in box office revenue for August and at least $73 million in September, projecting a third-quarter global box office of $650 million or higher. This surpassed the average consensus estimate of around $400 million. The firm highlights that IMAX's 2026 third quarter could be its largest ever, propelled by The Odyssey's performance. For a thorough examination of IMAX's valuation and growth potential, investors can consult the extensive Pro Research Report available for this equity and 1,400+ others in the US market. Recently, IMAX Corporation announced stellar second-quarter earnings, with adjusted earnings per share hitting a record $0.43, an increase of 65% year-over-year. Revenue expanded 12% to $103 million, propelled by rising demand for premium formats and substantial system installations. The Odyssey played a pivotal role in these achievements, marking the highest global opening weekend in IMAX history on a comparable basis. Moreover, IMAX installed 38 systems during the quarter, the highest second-quarter total in a decade. Rosenblatt Securities echoed these sentiments by upgrading its price target on IMAX shares to $60, citing impressive box office performance. The firm noted IMAX's fourth consecutive weekend exceeding $50 million in gross box office revenue. Rosenblatt had previously increased its price target from $47 to $50, attributing the improvement to margin expansion and surpassing expectations despite a minor dip in box office revenue. These recent developments reinforce IMAX's strong performance and strategic growth within the entertainment sector. This report was AI-assisted and editorially reviewed. For additional details, refer to the Terms and Conditions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Stonex reiterates Take-Two stock rating after GTA VI concerns",
        "url": "https://urgent.news/2026/09/01/stonex-reiterates-take-two-stock-rating-after-gta-vi-concerns",
        "published": "2026-09-01T13:05:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}