Colliers Securities Thinks Dolby Laboratories’ Stock is Going to Recover

Colliers Securities analyst Steve Frankel maintained a Buy rating on Dolby Laboratories (DLBResearch Report) today and set a price target of $100.00. The company’s shares closed last Friday at $74.59, close to its 52-week low of $69.18.

According to TipRanks.com, Frankel is a 1-star analyst with an average return of -0.5% and a 45.8% success rate. Frankel covers the Technology sector, focusing on stocks such as SeaChange International, E2open Parent Holdings, and Avid Technology.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dolby Laboratories with a $112.00 average price target, representing a 53.5% upside. In a report issued on March 16, Tigress Financial also reiterated a Buy rating on the stock with a $128.00 price target.

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The company has a one-year high of $104.74 and a one-year low of $69.18. Currently, Dolby Laboratories has an average volume of 507.7K.

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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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