We recently published 10 Stocks Jim Cramer Talked About. Imax Corporation (NYSE:IMAX) is one of the stocks Jim Cramer talked about.
Imax Corporation (NYSE:IMAX) is an entertainment technology and theater services provider. Its shares are up by 65% over the pat year and by 15% year-to-date. JPMorgan discussed the firm on February 26th as it raised the share price target to $48 from $47 and kept an Overweight rating on the shares. On the same day, Benchmark also raised the share price target, according to The Fly. It raised the target to $44 from $42 and kept a Buy rating on the shares. The financial firm discussed Imax Corporation (NYSE:IMAX)’s earnings as it remarked that the firm had gained market share and its international presence. The entertainment company’s fourth quarter saw it bring in $125 million in revenue to mark a 35% annual growth while its full year revenue sat at $410 million to mark a 16% annual jump. Cramer discussed his experience while watching movies at Imax Corporation (NYSE:IMAX)’s theaters:
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“I think that the proof in this is that, it’s fun to watch something in your living room. You have a big 90 inch screen. The only thing that’s more fun is Imax. And I really believe that. I go to Imax now, I order a hamburger, I have a beer, maybe a shot of tequila, and I watch a movie and it’s kind of like better than at home, where my wife doesn’t make the hamburger. Neither do I.”
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