There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Dolby Laboratories (DLB) and Helmerich & Payne (HP) with bullish sentiments.
Dolby Laboratories (DLB)
J.P. Morgan analyst Paul J Chung maintained a Buy rating on Dolby Laboratories today and set a price target of $65.00. The company’s shares closed last Tuesday at $54.42.
According to TipRanks.com, Chung is a 2-star analyst with an average return of 2.5% and a 40.0% success rate. Chung covers the Technology sector, focusing on stocks such as Synaptics, Logitech, and Garmin.
Currently, the analyst consensus on Dolby Laboratories is a Strong Buy with an average price target of $68.00, representing a 21.6% upside. In a report released today, Barrington also maintained a Buy rating on the stock with a $70.00 price target.
See today’s analyst top recommended stocks >>
Helmerich & Payne (HP)
J.P. Morgan analyst Sean Meakim maintained a Buy rating on Helmerich & Payne today and set a price target of $18.00. The company’s shares closed last Tuesday at $17.91, close to its 52-week low of $12.40.
According to TipRanks.com, Meakim is a 1-star analyst with an average return of -3.5% and a 46.3% success rate. Meakim covers the Services sector, focusing on stocks such as Liberty Oilfield Services, Oil States International, and Baker Hughes Company.
Helmerich & Payne has an analyst consensus of Hold, with a price target consensus of $23.28, a 20.2% upside from current levels. In a report issued on May 1, RBC Capital also maintained a Buy rating on the stock with a $24.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
