IMAX Has 47% Upside on Moviegoer Demand, an Analyst Says
The Christmas debut of Wonder Woman: 1984 at theaters (and on HBO Max) has many analysts seeing hope for the theater industry since the superhero sequel showed there is still significant consumer interest in the big-screen experience.
B. Riley Securities analyst Eric Wold believes IMAX (NYSE: IMAX) may be one of the best-positioned theater operators to capitalize on the enduring demand for showings of films, and he raised his target price on its stock to a street-high $26 per share, up from $18.
Image source: IMAX.
Source Fool.com
