Dolby Laboratories (DLB) : 5 analysts are covering Dolby Laboratories (DLB) and their average rating on the stock is 2.4, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Dolby Laboratories (DLB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Dolby Laboratories (DLB) : 3 investment research analysts covering Dolby Laboratories (DLB) have an average price target of $51 for the near short term. The highest target price given by the Brokerage Firm to the stock is $57 and the lowest target is $46 for the short term. Analysts expect the variance to be within $5.57 of the average price.
Dolby Laboratories (NYSE:DLB): After opening at $49.5, the stock dipped to an intraday low of $49.46 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $50.77 and the buying power remained strong till the end. The stock closed at $50.57 for the day, a gain of 2.26% for the day session. The total traded volume was 494,413. The stocks close on the previous trading day was $49.45.
Dolby Laboratories, Inc. (Dolby Laboratories) creates audio, imaging, and communication technologies that transform entertainment and communications at the cinema, at home, at work and on mobile devices. The Company licenses its audio technologies, and also develops technologies aimed at enhancing voice conferencing communications and imaging. Additionally, the Company provides products and services that enable entertainment content creators and distributors to produce, encode, transmit, and playback content for consumer experiences. The Company designs and manufactures audio and imaging products for the film production, cinema, and television broadcast industries. Distributed in approximately 80 countries, these products are used in content creation, distribution, and playback to enhance image and sound quality, and improve transmission and playback.