Dolby price target raised to $114 from $112 at Tigress Financial

Tigress Financial raised the firm’s price target on Dolby (DLB) to $114 from $112 and keeps a Buy rating on the shares. The company is seeing solid growth in licensing revenues and strong adoption across key markets, the analyst tells investors in a research note. The firm believes expanding strategic partnerships will continue to drive Dolby’s long-term growth.