IMAX Has More to Come After Q3 'Victory' Lap, Wedbush Says

11:38 AM EDT, 10/14/2026 (MT Newswires) -- IMAX (IMAX) should benefit from an uptick in volume and quality of filmed-for IMAX titles through 2028 after a "phenomenal" run through Q3, Wedbush said in a Wednesday report. The report said global footprint expansion and more breadth and volume of alternative content would also boost its revenue. In Q3, IMAX's record box office results far surpassed expectations, driven by strong talent relationships and brand recognition, the report said. IMAX is expected to post revenue of $161 million in Q3, against consensus of $150 million. "We expect accelerated footprint expansion after the massive Odyssey performance, similar to IMAX's global footprint expansion after Oppenheimer," the report said. The note said the company's EBITDA margin target of over 45% for 2026 and guidance to surpass 50% EBITDA margins by 2028 now appear conservative. Wedbush raised its price target to $60 from $54 while reiterating its outperform rating. Price: 51.57, Change: -0.09, Percent Change: -0.18