B.Riley Financial Stick to Their Hold Rating for Dolby Laboratories By Investing.com

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B.Riley Financial Stick to Their Hold Rating for Dolby Laboratories

Nov 13, 2020 02:45AM ET

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B.Riley Financial analyst Eric Wold maintained a Hold rating on Dolby Laboratories (NYSE:DLB) on Friday, setting a price target of $79, which is approximately 3.35% below the present share price of $81.74.

Wold expects Dolby Laboratories to post earnings per share (EPS) of $0.67 for the fourth quarter of 2020.

The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Dolby Laboratories, with an average price target of $77.
The analysts price targets range from a high of $79 to a low of $75.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $246.91 million and a net profit of $35.66 million. The company's market cap is $8.22 billion.

According to TipRanks.com, B.Riley Financial analyst Eric Wold is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.1% and a 46.75% success rate.

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.

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