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Technology Stocks : DLB Dolby Laboratories
DLB 65.12+0.2%Nov 7 9:30 AM EST

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From: Cooters1/31/2020 2:28:48 PM
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Barrington reaffirms Outperform on Dolby after Q1 earnings report

Barrington analyst James Goss reaffirmed an Outperform rating and $85 price target on Dolby Laboratories (DLB) following the company reporting "above expectations" Q1 earnings results, which included "solid" Q2 guidance, and leaves the company "on track" for the full year. Goss said that increased adoption of Dolby's technologies, including Vision and Atmos, are providing "meaningful tailwinds." The analyst also noted that Dolby continued to penetrate into 4K TVs, including lower priced models.
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