Novanta breaks below 50-day average and Baird sets USD 194 target for Novanta stock

Published on 10/06/2026 at 08:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 265.81 million, up 10.30 percent year over year. Novanta stock costs EUR 134.50 on October 6, 2026 after EUR 134.50.

NOVT, CA67000B1040, Illustration mit AI erstellt.

Novanta (ISIN CA67000B1040) crossed below its 50-day moving average of USD 147.16 on October 2, 2026, after trading as low as USD 140.00, according to MarketBeat. The same report says Robert W. Baird set a USD 194.00 price target on August 7, 2026, giving Novanta stock a clear valuation reference beside the technical setback.

Quarterly revenue beats estimates

Novanta reported USD 265.81 million in revenue for the second quarter of 2026, compared with consensus of USD 262.30 million. Revenue increased 10.30 percent from the same quarter a year earlier, while adjusted earnings per share reached USD 0.89 against consensus of USD 0.83, according to MarketBeat.

The figures show that Novanta exceeded both revenue and adjusted earnings expectations in the second quarter. The comparison matters because the company supplies precision technology to medical and advanced industrial original equipment manufacturers, where order timing can affect quarterly results.

Guidance supports the valuation debate

Novanta set fiscal 2026 adjusted earnings-per-share guidance at USD 3.68 to USD 3.74 and third-quarter 2026 guidance at USD 0.95 to USD 1.00, according to MarketBeat. The USD 194.00 Baird target stands above the latest Nasdaq price of USD 150.61, while the 52-week range extends from USD 98.27 to USD 176.38 as of October 5, 2026.

Novanta's investor page identifies Nasdaq as the listing venue for ticker NOVT and describes the business as a supplier of precision solutions for medical, life science and advanced industrial OEMs. Its latest investor materials are organized around the second-quarter 2026 reporting cycle, which keeps the revenue comparison and the guidance range central to the valuation discussion.

EUR 134.50 before Xetra opens

Novanta stock was trading at EUR 134.50 at Lang & Schwarz on October 6, 2026 at 8:21 a.m. CEST in pre-market, unchanged versus the EUR 134.50 prior close of October 5, 2026. The euro quote is the relevant reference for investors in Germany.