In a report released today, James Goss from Barrington maintained a Buy rating on Dolby Laboratories (NYSE: DLB), with a price target of $78. The company’s shares closed yesterday at $59.82.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.7% and a 59.3% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
Currently, the analyst consensus on Dolby Laboratories is Strong Buy and the average price target is $71.33, representing a 19.2% upside.
In a report issued on April 25, William Blair also maintained a Buy rating on the stock.
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The company has a one-year high of $74.29 and a one-year low of $48. Currently, Dolby Laboratories has an average volume of 434.7K.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock.
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Dolby Laboratoties, Inc. engages in the provision of audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.
