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Analysts Offer Insights on Industrial Goods Companies: Dolby Laboratories (DLB) and Proto Labs (PRLB)

Tipranks - Tipranks - Sat May 2, 12:44PM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Dolby Laboratories (DLB) and Proto Labs (PRLB).

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Dolby Laboratories (DLB)

Barrington analyst Patrick Sholl reiterated a Buy rating on Dolby Laboratories today and set a price target of $90.00. The company’s shares closed last Friday at $56.42.

According to TipRanks.com, Sholl is a 4-star analyst with an average return of 12.5% and a 51.3% success rate. Sholl covers the NA sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Sirius XM Holdings. ;'>

Currently, the analyst consensus on Dolby Laboratories is a Strong Buy with an average price target of $87.50, a 45.8% upside from current levels. In a report released yesterday, William Blair also maintained a Buy rating on the stock.

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Proto Labs (PRLB)

Needham analyst James Ricchiuti maintained a Hold rating on Proto Labs today and set a price target of $64.00. The company’s shares closed last Friday at $61.30.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 27.0% and a 59.7% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Universal Display. ;'>

Currently, the analyst consensus on Proto Labs is a Moderate Buy with an average price target of $64.00.

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