Rosenblatt raises IMAX stock price target to $60 on box office strength

Rosenblatt raised its price target on IMAX Corporation (NYSE:IMAX) to $60 from $50 while maintaining a Buy rating on the stock. The target implies roughly 24% upside from the current price of $48.49. The stock has surged 96% over the past year, though InvestingPro analysis suggests shares are trading above their Fair Value, placing IMAX on the most overvalued stocks watchlist.

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