- IMAX (NYSE:IMAX) has a bright future, according to the analyst team at Piper Jaffray.
- The investment firm thinks a major changeover of Hollywood studio heads (Disney, Fox, Warner Bros. down the road) and growth of local content in key markets such as Japan, Russian and China set the company up for strong growth.
- The number of movies filmed with IMAX cameras is expected to double over the next couple of years.
- Shares of IMAX are rated Overweight and assigned a price target of $45 by Piper vs. the Friday close of $38.12.