-- IMAX (IMAX) will likely benefit from an increase in the volume and quality of filmed-for-IMAX movies in 2026 through 2028, which should boost its market share, Wedbush said in a note Thursday.
Meanwhile, the company will also see benefits from a worldwide box office that increasingly mixes local-language and global films, while it is also seeing a greater volume of alternative content to support revenue, and is increasing its global footprint, the note said.
The positive factors are likely to help IMAX move beyond 50% earnings before interest, taxes, depreciation, and amortization, or EBITDA, margins by 2028, Wedbush said.
This year and next year's "global film slate underscores IMAX's growing prominence in Hollywood and worldwide as an essential partner for major theatrical releases across genres, languages, and geographies," the investment firm said.
IMAX is scheduled to report its Q1 financial results on April 30.
Wedbush reiterated IMAX's outperform rating and $46 price target.
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