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Novanta (NOVT) Gets a Hold from Robert W. Baird

Tipranks - Tipranks - Tue Jan 27, 7:44AM CST

Robert W. Baird analyst Robert Mason CFA maintained a Hold rating on Novanta on January 23 and set a price target of $138.00. The company’s shares closed last Friday at $137.89.

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According to TipRanks, Mason CFA is ranked #550 out of 11984 analysts.

Currently, the analyst consensus on Novanta is a Moderate Buy with an average price target of $138.00, representing a 0.08% upside. In a report released yesterday, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $147.00 price target.

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Based on Novanta’s latest earnings release for the quarter ending September 26, the company reported a quarterly revenue of $247.84 million and a net profit of $10.65 million. In comparison, last year the company earned a revenue of $244.41 million and had a net profit of $19.19 million

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