William Blair analyst Ralph Schackart has maintained their bullish stance on DLB stock, giving a Buy rating yesterday.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight Dolby Laboratories’ strategic advancements and potential for growth. One of the key reasons is the rollout of Dolby Vision 2, which is expected to enhance the viewing experience by automatically adjusting contrast and offering features tailored for high-end TV displays. This innovation has already garnered support from major TV OEMs like Hisense and TCL, indicating a strong market adoption.
Additionally, the integration of Dolby Vision across Instagram for iOS is seen as a significant growth catalyst, as it improves video quality and user engagement on mobile devices. Furthermore, Dolby’s strategic capital allocation, including share repurchases and increased dividends, reflects a commitment to shareholder value. The introduction of a new consumption-based pricing model also presents a promising revenue opportunity, potentially contributing significantly to Dolby’s financial performance in the coming years.
In another report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $85.00 price target.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLB in relation to earlier this year.