Dolby Laboratories, Inc. (DLB - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $48.96 to $51.36 in the past one-month time frame.
The move came after Wall Street analysts apparently raised the target price for the company.
The company has not seen any estimate revisions over the past few weeks, and its Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Dolby Laboratories currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Dolby Laboratories Price and Consensus
A better-ranked stock in the Consumer Discretionary sector is H.I.S. Co. Ltd. HISJF which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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