Analyst Bio:
Ahead of next weekend's launch of Lightyear, Imax Corp posted another series of vital data points, driven by the opening weekend of Jurassic World: Dominion Rosenblatt analyst Steve Frankel pointed out.
Frankel had a Buy on Imax with a price target of $25. Imax accounted for 8.6% of Dominion's domestic box office for $12.3 million in Gross Box Office (GBO) and a $30K PSA, Frankel noted.
Frankel added that international markets added another $12.7 million in GBO for a 7.2% share, including 12% of the film's box office in China. To date, the IMAX GBO from Top Gun exceeds $75 million.
