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NEW YORK (TheStreet) -- MKM Partners raised its price target on IMAX  (IMAX) - Get Imax Corporation Reportstock to $44 from $40 on Thursday.

The Mississauga, Canada-based entertainment technology company reported 2015 third quarter earnings yesterday of 12 cents per share on revenue of $85.1 million. Analysts surveyed by Zacks Investment Research projected the company would earn 13 cents per share on revenue of $78 million.

IMAX's price target was raised due to an attractive multi-year film slate, growing exposure to the Chinese box office and upside opportunities from emerging technologies, MKM Partners said. 

"Upcoming events remain attractive and could help sustain recent share outperformance," the firm added. "Film contributions should reach record levels in November/December and provide solid carryover into the first quarter of 2016."

The firm maintained its "buy" rating on the stock.

Shares of IMAX closed up by 0.29% to $38.28 on Thursday. 

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TheStreet Recommends

Separately, TheStreet Ratings team rates IMAX CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

We rate IMAX CORP (IMAX) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, compelling growth in net income and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

You can view the full analysis from the report here: IMAX

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