Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Dolby Laboratories (DLB – Research Report) today and set a price target of $116.00. The company’s shares opened today at $85.92.
According to TipRanks, Feinseth is a 5-star analyst with an average return of 11.6% and a 61.60% success rate. Feinseth covers the Technology sector, focusing on stocks such as Meta Platforms, Cisco Systems, and Dolby Laboratories.
Dolby Laboratories has an analyst consensus of Moderate Buy, with a price target consensus of $90.00.
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DLB market cap is currently $8.23B and has a P/E ratio of 46.50.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLB in relation to earlier this year. Most recently, in February 2023, Pendleton Todd, the SVP & CMO of DLB sold 28,701.00 shares for a total of $2,362,666.32.
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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:
- Audible Launches Collection of Immersive, Cinematic Listening Experiences in Dolby Atmos
- Dolby Atmos arrives in PUBG MOBILE to bring immersive audio to the battleground
- Macklemore to Perform Surprise One-Night Only Performance Live in Dolby Atmos at SXSW
- Dolby Invites the Public and SXSW Guests to “Dolby House” to Experience the Future of Entertainment
- Dolby management to meet with William Blair
