In a report released yesterday, Steve Frankel from Rosenblatt Securities reiterated a Buy rating on Dolby Laboratories (DLB – Research Report), with a price target of $85.00. The company’s shares closed last Friday at $78.29.
Frankel covers the Technology sector, focusing on stocks such as Brightcove, Dolby Laboratories, and Avid Technology. According to TipRanks, Frankel has an average return of -2.9% and a 45.58% success rate on recommended stocks.
Currently, the analyst consensus on Dolby Laboratories is a Moderate Buy with an average price target of $82.50.
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DLB market cap is currently $7.52B and has a P/E ratio of 43.48.
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Dolby Laboratoties, Inc. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.
Read More on DLB:
- Dolby Laboratories Announces Conference Call and Webcast for Q1 Fiscal 2023 Financial Results
- Dolby Kicks Off an Incredible CES Week Starting with Imagine Dragons’ First-Ever Live Performance in Dolby Atmos at Dolby Live at Park MGM
- Imagine Dragons and Dolby to Kick Off CES with a Special Live Concert in Dolby Atmos at Dolby Live at Park MGM
- Billionaire Israel Englander Snaps Up These 3 “Strong Buy” Stocks
