Dolby Laboratories (DLB) Stock Forecast & Price Target
DLB$62.66+0.98 +1.60%
$5.87B
Market Cap
25.91
P/E
13.68
Forward P/E
56
Score
Dolby Laboratories (DLB) Stock Forecast & Price Target
DLB price $62.66 +0.98 +1.60%
- Ticker
- DLB
- Price
- $62.66
- Change
- +0.98 +1.60%
- Market cap ?
- $5.87B
- P/E ?
- 25.91
- Forward P/E ?
- 13.68
- Dividend yield ?
- 2.34%
- Beta ?
- 0.78
- Sector
- Technology
- Industry
- Software - Application
- Stocklytics score
- 56
- Value
- 61
- Quality
- 66
- Growth
- 40
Stocklytics score rationale: value 61, quality 66, growth 40.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 1025738000 | 1081454000 | 1054599999 | 1241620000 | 1161792000 | 1281256000 | 1253793000 | 1299744000 | 1273721000 | 1349130000 |
Dolby Laboratories, Inc. develops pioneering audio and visual technologies designed to enhance entertainment and communication experiences across a broad spectrum of platforms. These include cinematic venues, digital television, various transmission and playback devices, mobile communications, online streaming video and music platforms, and home entertainment systems. The company is actively involved in inventing…
Fair value
DLB fair value $145.83. Price $62.66. Price is 57% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 95% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 344.50M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 93.67M. Net debt -663.01M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-17 | — | 1.19 | — | 372.76M |
| 2026-07-30 | 0.69 | 0.67 | 305.00M | 311.96M |
| 2026-04-30 | 1.37 | 1.31 | 395.63M | 385.80M |
| 2026-01-29 | 1.06 | 0.99 | 346.71M | 341.26M |
| 2025-11-18 | 0.99 | 0.70 | 307.02M | 305.76M |
| 2025-07-31 | 0.78 | 0.72 | 315.55M | 305.23M |
| 2025-05-01 | 1.34 | 1.29 | 369.56M | 376.39M |
| 2025-01-29 | 1.14 | 1.07 | 357.00M | 346.13M |
| 2024-11-19 | 0.81 | 0.70 | 304.81M | 307.94M |
| 2024-08-07 | 0.71 | 0.59 | 288.82M | 292.85M |
| 2024-05-02 | 1.27 | 1.19 | 364.52M | 359.43M |
| 2024-02-01 | 1.01 | 0.86 | 315.57M | 312.16M |
| 2023-11-16 | 0.65 | 0.53 | 290.56M | 290.20M |
| 2023-08-03 | 0.55 | 0.55 | 298.37M | 301.66M |
| 2023-05-04 | 1.26 | 0.98 | 375.89M | 349.85M |
| 2023-02-02 | 1.11 | 0.48 | 334.92M | 306.56M |
| 2022-11-17 | 0.54 | 0.60 | 278.20M | 305.23M |
| 2022-08-09 | 0.68 | 0.59 | 289.58M | 293.92M |
| 2022-05-05 | 0.92 | 0.82 | 334.37M | 332.51M |
| 2022-02-03 | 1.01 | 1.06 | 351.63M | 359.38M |
| 2021-11-16 | 0.58 | 0.56 | 285.02M | 362.22M |
| 2021-07-29 | 0.71 | 0.48 | 286.80M | 283.93M |
| 2021-05-04 | 0.91 | 0.67 | 319.56M | 295.35M |
| 2021-01-28 | 1.48 | 1.04 | 389.87M | 345.33M |
| 2020-11-12 | 0.45 | 0.34 | 271.19M | 619.15M |
| 2020-08-03 | 0.86 | 0.27 | 246.91M | 77.52M |
| 2020-05-04 | 1.04 | 1.09 | 351.81M | 368.73M |
| 2020-01-29 | 0.47 | 0.49 | 291.88M | 223.47M |
| 2019-11-14 | 0.43 | 0.48 | 298.83M | 333.57M |
| 2019-08-01 | 0.38 | 0.49 | 302.16M | 389.63M |
| 2019-05-01 | 0.72 | 0.52 | 338.26M | 251.28M |
| 2019-01-30 | 0.93 | 0.56 | 302.38M | 253.91M |
| 2018-10-24 | 0.47 | 0.30 | 240.57M | 153.57M |
| 2018-07-25 | 0.78 | 0.69 | 214.78M | 190.02M |
| 2018-04-24 | 0.66 | 0.64 | 299.72M | 290.62M |
| 2018-01-24 | 0.66 | 0.44 | 299.53M | 164.72M |
| 2017-10-25 | 0.21 | 0.26 | 242.05M | 309.60M |
| 2017-07-25 | 0.73 | 0.65 | 305.67M | 272.20M |
| 2017-04-26 | 0.49 | 0.47 | 267.47M | 256.58M |
| 2017-01-25 | 0.51 | 0.39 | 266.27M | 203.64M |
Dividends
Yield 2.30%. Payout ratio 59.36%. Frequency Quarterly.
Safety score 89/100 · Safe. Payout ratio is 59% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 14 separate years. Yield is 2.3%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-11 | $0.36 | 2026-08-11 | 2026-08-19 | Quarterly |
| 2026-05-12 | $0.36 | 2026-05-12 | 2026-05-20 | Quarterly |
| 2026-02-10 | $0.36 | 2026-02-10 | 2026-02-18 | Quarterly |
| 2025-12-02 | $0.36 | 2025-12-02 | 2025-12-10 | Quarterly |
| 2025-08-12 | $0.33 | 2025-08-12 | 2025-08-20 | Quarterly |
| 2025-05-13 | $0.33 | 2025-05-13 | 2025-05-21 | Quarterly |
| 2025-02-11 | $0.33 | 2025-02-11 | 2025-02-19 | Quarterly |
| 2024-12-03 | $0.33 | 2024-12-03 | 2024-12-10 | Quarterly |
| 2024-08-19 | $0.30 | 2024-08-19 | 2024-08-27 | Quarterly |
| 2024-05-13 | $0.30 | 2024-05-14 | 2024-05-22 | Quarterly |
| 2024-02-12 | $0.30 | 2024-02-13 | 2024-02-22 | Quarterly |
| 2023-11-27 | $0.30 | 2023-11-28 | 2023-12-05 | Quarterly |
| 2023-08-11 | $0.27 | 2023-08-14 | 2023-08-22 | Quarterly |
| 2023-05-15 | $0.27 | 2023-05-16 | 2023-05-23 | Quarterly |
| 2023-02-13 | $0.27 | 2023-02-14 | 2023-02-22 | Quarterly |
| 2022-11-29 | $0.27 | 2022-11-30 | 2022-12-08 | Quarterly |
| 2022-08-22 | $0.25 | 2022-08-23 | 2022-08-31 | Quarterly |
| 2022-05-16 | $0.25 | 2022-05-17 | 2022-05-25 | Quarterly |
| 2022-02-15 | $0.25 | 2022-02-16 | 2022-02-23 | Quarterly |
| 2021-11-29 | $0.25 | 2021-11-30 | 2021-12-08 | Quarterly |
| 2021-08-10 | $0.22 | 2021-08-11 | 2021-08-19 | Quarterly |
| 2021-05-14 | $0.22 | 2021-05-17 | 2021-05-25 | Quarterly |
| 2021-02-08 | $0.22 | 2021-02-09 | 2021-02-19 | Quarterly |
| 2020-11-23 | $0.22 | 2020-11-24 | 2020-12-04 | Quarterly |
| 2020-08-14 | $0.22 | 2020-08-17 | 2020-08-26 | Quarterly |
| 2020-05-15 | $0.22 | 2020-05-18 | 2020-05-27 | Quarterly |
| 2020-02-07 | $0.22 | 2020-02-10 | 2020-02-20 | Quarterly |
| 2019-11-25 | $0.22 | 2019-11-26 | 2019-12-04 | Quarterly |
| 2019-08-09 | $0.19 | 2019-08-12 | 2019-08-20 | Quarterly |
| 2019-05-13 | $0.19 | 2019-05-14 | 2019-05-22 | Quarterly |
| 2019-02-11 | $0.19 | 2019-02-12 | 2019-02-21 | Quarterly |
| 2018-11-02 | $0.19 | 2018-11-05 | 2018-11-14 | Quarterly |
| 2018-08-03 | $0.16 | 2018-08-06 | 2018-08-14 | Quarterly |
| 2018-05-04 | $0.16 | 2018-05-07 | 2018-05-16 | Quarterly |
| 2018-02-02 | $0.16 | 2018-02-05 | 2018-02-14 | Quarterly |
| 2017-11-03 | $0.16 | 2017-11-06 | 2017-11-15 | Quarterly |
| 2017-08-03 | $0.14 | 2017-08-07 | 2017-08-15 | Quarterly |
| 2017-05-04 | $0.14 | 2017-05-08 | 2017-05-16 | Quarterly |
| 2017-02-02 | $0.14 | 2017-02-06 | 2017-02-15 | Quarterly |
| 2016-11-03 | $0.14 | 2016-11-07 | 2016-11-16 | Quarterly |
| 2016-08-04 | $0.12 | 2016-08-08 | 2016-08-17 | Quarterly |
| 2016-05-05 | $0.12 | 2016-05-09 | 2016-05-18 | Quarterly |
| 2016-02-04 | $0.12 | 2016-02-08 | 2016-02-17 | Quarterly |
| 2015-10-29 | $0.12 | 2015-11-02 | 2015-11-10 | Quarterly |
| 2015-07-30 | $0.10 | 2015-08-03 | 2015-08-11 | Quarterly |
| 2015-04-30 | $0.10 | 2015-05-04 | 2015-05-12 | Quarterly |
| 2015-01-29 | $0.10 | 2015-02-02 | 2015-02-10 | Quarterly |
| 2014-10-30 | $0.10 | 2014-11-03 | 2014-11-20 | Quarterly |
| 2012-12-19 | $4.00 | 2012-12-21 | 2012-12-27 | Special |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-02 | Dolby Dagmar | Buy | 24.11M | — | — |
| 2026-10-02 | Dolby Dagmar | Sell | 24.11M | — | — |
| 2026-10-01 | Couling John D | Buy | 7.67K | $45.50 | 348.85K |
| 2026-10-01 | Couling John D | Sell | 6.83K | $58.72 | 401.09K |
| 2026-10-01 | Couling John D | Sell | 836 | $59.33 | 49.60K |
| 2026-10-01 | Couling John D | Sell | 7.67K | $45.50 | 348.85K |
| 2026-09-15 | Whitten Marc | Buy | 600.00K | — | — |
| 2026-09-15 | Whitten Marc | Buy | 160.26K | — | — |
| 2026-09-15 | Couling John D | Buy | 48.08K | — | — |
| 2026-09-15 | SHERMAN MARK ANDREW | Buy | 48.08K | — | — |
| 2026-09-01 | Couling John D | Buy | 7.67K | $45.50 | 348.85K |
| 2026-09-01 | Couling John D | Sell | 7.67K | $61.05 | 468.03K |
| 2026-09-01 | Couling John D | Sell | 7.67K | $45.50 | 348.85K |
| 2026-08-28 | Dolby Dagmar | Sell | 2.00M | — | — |
| 2026-08-28 | Dolby Dagmar | Sell | 300.00K | — | — |
| 2026-08-28 | Dolby Dagmar | Buy | 1.00M | — | — |
| 2026-08-28 | Dolby Dagmar | Buy | 300.00K | — | — |
| 2026-08-28 | Dolby Dagmar | Sell | 300.00K | — | — |
| 2026-08-27 | Whitten Marc | Other | 0 | — | — |
| 2026-08-25 | Nicholson Ryan | Sell | 1.18K | $65.28 | 77.22K |
| 2026-08-14 | Revankar Shriram | Sell | 3.00K | $62.71 | 188.13K |
| 2026-08-10 | Nicholson Ryan | Sell | 1.35K | $62.04 | 83.63K |
| 2026-08-04 | Nicholson Ryan | Sell | 357 | $60.63 | 21.64K |
| 2026-08-03 | Couling John D | Buy | 7.67K | $45.50 | 348.85K |
| 2026-08-03 | Couling John D | Sell | 783 | $59.03 | 46.22K |
| 2026-08-03 | Couling John D | Sell | 6.88K | $60.11 | 413.78K |
| 2026-08-03 | Couling John D | Sell | 7.67K | $45.50 | 348.85K |
| 2026-07-01 | Couling John D | Buy | 7.67K | $45.50 | 348.85K |
| 2026-07-01 | Couling John D | Sell | 7.67K | $53.20 | 407.89K |
| 2026-07-01 | Couling John D | Sell | 7.67K | $45.50 | 348.85K |
| 2026-05-22 | Pendleton Todd | Sell | 11.88K | $54.55 | 647.86K |
| 2026-05-18 | Revankar Shriram | Sell | 4.33K | $54.21 | 234.68K |
| 2026-05-15 | Revankar Shriram | Sell | 3.00K | $54.90 | 164.70K |
| 2026-05-12 | Park Robert J | Sell | 4.50K | $56.62 | 255.00K |
| 2026-05-12 | Park Robert J | Sell | 391 | $57.35 | 22.42K |
| 2026-05-05 | Couling John D | Buy | 7.67K | $45.50 | 348.80K |
| 2026-05-05 | Couling John D | Sell | 6.93K | $57.47 | 398.16K |
| 2026-05-05 | Couling John D | Sell | 738 | $58.34 | 43.05K |
| 2026-05-05 | Couling John D | Sell | 7.67K | $45.50 | 348.80K |
| 2026-05-04 | Couling John D | Sell | 4.69K | $58.47 | 274.08K |
| 2026-04-01 | Rollins Emily | Sell | 1.00K | $60.08 | 60.08K |
| 2026-02-25 | Dolby Dagmar | Sell | 1.00M | — | — |
| 2026-02-25 | Dolby Dagmar | Sell | 10.00K | — | — |
| 2026-02-25 | Dolby Dagmar | Buy | 1.00M | — | — |
| 2026-02-25 | Dolby Dagmar | Buy | 10.00K | — | — |
| 2026-02-25 | Dolby Dagmar | Sell | 10.00K | — | — |
| 2026-02-17 | Revankar Shriram | Sell | 3.00K | $66.14 | 198.42K |
| 2026-02-13 | Nicholson Ryan | Buy | 2.67K | $45.50 | 121.35K |
| 2026-02-13 | Nicholson Ryan | Sell | 2.67K | $66.38 | 177.02K |
| 2026-02-13 | Nicholson Ryan | Sell | 2.67K | $45.50 | 121.35K |
| 2026-02-11 | Dolby Dagmar | Sell | 380.00K | — | — |
| 2026-02-11 | Dolby Dagmar | Buy | 380.00K | — | — |
| 2026-02-11 | Dolby Dagmar | Sell | 380.00K | — | — |
| 2026-02-05 | YEAMAN KEVIN J | Buy | 145.25K | $66.62 | 9.68M |
| 2026-02-05 | YEAMAN KEVIN J | Sell | 145.25K | $66.62 | 9.68M |
| 2026-02-03 | Segars Simon | Buy | 3.91K | — | — |
| 2026-02-03 | Dolby David | Buy | 3.91K | — | — |
| 2026-02-03 | Rollins Emily | Buy | 3.91K | — | — |
| 2026-02-03 | GOTCHER PETER C | Buy | 3.91K | — | — |
| 2026-02-03 | Sud Anjali | Buy | 3.91K | — | — |
| 2026-02-03 | Prophet Tony A | Buy | 3.91K | — | — |
| 2026-02-03 | TEVANIAN AVADIS | Buy | 3.91K | — | — |
| 2026-02-02 | Couling John D | Sell | 6.67K | $64.89 | 432.59K |
| 2025-12-17 | YEAMAN KEVIN J | Sell | 6.67K | $67.24 | 448.53K |
| 2025-12-17 | YEAMAN KEVIN J | Sell | 80 | $67.54 | 5.40K |
| 2025-12-17 | SHERMAN MARK ANDREW | Sell | 2.49K | $67.26 | 167.55K |
| 2025-12-16 | Couling John D | Sell | 2.61K | $66.62 | 174.01K |
| 2025-12-16 | Nicholson Ryan | Sell | 649 | $66.62 | 43.24K |
| 2025-12-16 | Pendleton Todd | Sell | 1.96K | $66.62 | 130.51K |
| 2025-12-16 | YEAMAN KEVIN J | Sell | 6.86K | $66.62 | 456.68K |
| 2025-12-16 | YEAMAN KEVIN J | Sell | 21.77K | $66.64 | 1.45M |
| 2025-12-16 | YEAMAN KEVIN J | Sell | 4.99K | $67.16 | 335.42K |
| 2025-12-16 | Revankar Shriram | Sell | 2.29K | $66.62 | 152.23K |
| 2025-12-16 | SHERMAN MARK ANDREW | Sell | 2.53K | $66.62 | 168.55K |
| 2025-12-16 | SHERMAN MARK ANDREW | Sell | 6.74K | $66.58 | 448.59K |
| 2025-12-16 | SHERMAN MARK ANDREW | Sell | 2.37K | $67.17 | 159.26K |
| 2025-12-16 | Park Robert J | Sell | 2.29K | $66.62 | 152.23K |
| 2025-12-15 | Couling John D | Buy | 6.83K | — | — |
| 2025-12-15 | Couling John D | Buy | 25.63K | — | — |
| 2025-12-15 | Couling John D | Sell | 8.20K | $67.54 | 554.03K |
| 2025-12-15 | Couling John D | Buy | 56.44K | $66.62 | 3.76M |
| 2025-12-15 | Couling John D | Buy | 12.82K | — | — |
| 2025-12-15 | Couling John D | Sell | 6.83K | — | — |
| 2025-12-15 | Nicholson Ryan | Buy | 9.03K | — | — |
| 2025-12-15 | Nicholson Ryan | Sell | 1.53K | $67.54 | 103.67K |
| 2025-12-15 | Pendleton Todd | Buy | 5.23K | — | — |
| 2025-12-15 | Pendleton Todd | Buy | 18.85K | — | — |
| 2025-12-15 | Pendleton Todd | Sell | 6.06K | $67.54 | 409.02K |
| 2025-12-15 | Pendleton Todd | Buy | 41.50K | $66.62 | 2.76M |
| 2025-12-15 | Pendleton Todd | Buy | 9.42K | — | — |
| 2025-12-15 | Pendleton Todd | Sell | 5.23K | — | — |
| 2025-12-15 | YEAMAN KEVIN J | Buy | 17.63K | — | — |
| 2025-12-15 | YEAMAN KEVIN J | Buy | 65.97K | — | — |
| 2025-12-15 | YEAMAN KEVIN J | Sell | 27.18K | $67.54 | 1.84M |
| 2025-12-15 | YEAMAN KEVIN J | Buy | 145.25K | $66.62 | 9.68M |
| 2025-12-15 | YEAMAN KEVIN J | Buy | 32.98K | — | — |
| 2025-12-15 | YEAMAN KEVIN J | Sell | 17.63K | — | — |
| 2025-12-15 | Revankar Shriram | Buy | 3.41K | — | — |
| 2025-12-15 | Revankar Shriram | Buy | 22.62K | — | — |
| 2025-12-15 | Revankar Shriram | Sell | 4.96K | $67.54 | 335.07K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 398, holders -25 vs prior quarter. Ownership 65.79%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 6.68M | 138.55K | +2.12% | 351.07M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.95M | -20.12K | -0.40% | 260.31M |
| BANK OF NEW YORK MELLON CORP | 4.82M | 317.40K | +7.05% | 253.29M |
| MORGAN STANLEY | 4.60M | -540.42K | -10.51% | 241.96M |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.72M | -4.50K | -0.17% | 143.12M |
| FIRST TRUST ADVISORS LP | 2.71M | 450.57K | +19.98% | 142.26M |
| STATE STREET CORP | 2.32M | 26.82K | +1.17% | 121.85M |
| ACADIAN ASSET MANAGEMENT LLC | 1.90M | 326.22K | +20.76% | 99.74M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.84M | 77.09K | +4.37% | 96.88M |
| FMR LLC | 1.59M | 573.06K | +56.60% | 83.37M |
| DIMENSIONAL FUND ADVISORS LP | 1.56M | 236.76K | +17.92% | 81.93M |
| BANK OF MONTREAL /CAN/ | 1.46M | 1.46M | New | 76.60M |
| SNYDER CAPITAL MANAGEMENT L P | 1.32M | -36.78K | -2.70% | 69.65M |
| DISCIPLINED GROWTH INVESTORS INC /MN | 1.25M | -19.99K | -1.58% | 65.61M |
| NORGES BANK | 850.96K | 850.96K | New | 44.74M |
| GOLDMAN SACHS GROUP INC | 823.91K | -356.40K | -30.20% | 43.32M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 808.23K | 808.23K | New | 42.50M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 808.23K | 3.98K | +0.50% | 42.50M |
| INVESCO LTD. | 673.61K | 426.72K | +172.83% | 35.42M |
| AMERIPRISE FINANCIAL INC | 661.35K | 581.49K | +728.21% | 34.77M |
| CITADEL ADVISORS LLC | 582.03K | 582.03K | New | 30.60M |
| NORTHERN TRUST CORP | 548.64K | 15.71K | +2.95% | 28.85M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 527.16K | 402.65K | +323.39% | 27.72M |
| FIERA CAPITAL CORP | 476.42K | -357.77K | -42.89% | 25.05M |
| BANK OF AMERICA CORP /DE/ | 445.83K | 19.80K | +4.65% | 23.44M |
Forecast
Consensus Buy from 4 analysts. Average price target $90.33, +44.2% versus the current price. Low $74.00. High $112.00.
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