IMAX - IMAX Secures Box Office Win With Dune Part 2: Analyst Predicts More High-Profile Projects And Global Expansion | Benzinga
Wedbush analyst Alicia Reese reiterated an Outperform rating on the shares of IMAX Corp (NYSE:IMAX) with a price target of $22.
According to the analyst, IMAX earned over $32 million on the global opening weekend of Dune Part 2, or 18% of the global box office.
Domestically, the title earned $18.5 million, or 22.7% of the total box office, representing the largest March domestic opening in IMAX's history.
Like Oppenheimer and several other titles before it, Dune Part 2 was filmed entirely with IMAX cameras, allowing for a fully integrated marketing campaign, driving the high box office take rate, said the analyst.
IMAX will have ...