Dolby Laboratories, Inc. with ticker code (DLB) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $100.00 and $98.00 with the average share target price sitting at $99.00. (at the time of writing). Given that the stocks previous close was at $72.52 and the analysts are correct then there would likely be a percentage uptick in value of 36.5%. Also worth taking note is the 50 day moving average now sits at $72.79 and the 200 day MA is $78.46. The total market capitalization for the company now stands at 6.93B. The price for the stock stands currently at: $72.79 USD
The potential market cap would be $9,461,539,364 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 33.39, revenue per share of $13.17 and a 5.16% return on assets.
Dolby Laboratories, Inc. is a designer and manufacturer of audio and imaging hardware and software products for the cinema, television, broadcast, and entertainment industries. The Company’s products are used in content creation, distribution, and playback to enhance image and sound quality, and improve transmission and playback. It offers a developer platform, Dolby.io, that enables developers to access its technologies through application programming interfaces (APIs). Its products include digital cinema servers, playback digital film files and software, cinema processors, amplifiers, loudspeakers, 3-D glasses and kits, broadcast hardware and software. The Company’s technologies include Advanced Audio Coding (AAC) and High Efficiency Advanced Audio Coding (HE-AAC) & Extended HE-AAC; Advanced Video Coding (AVC); Dolby AC-4; Dolby Atmos; Dolby Digital; Dolby Digital Plus; Dolby TrueHD; Dolby Vision; Dolby Voice; and High Efficiency Video Coding (HEVC).
