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DLB

Dolby

$53.94

2.44 (4.74%)

, AAPL

Apple

$160.86

-0.64 (-0.40%)

06:07
09/13/17
09/13
06:07
09/13/17
06:07

Dolby's annual Apple revenue could be up to $35M, says Piper Jaffray

Apple's (AAPL) iPhone X, iPhone 8, iPhone 8 Plus and Apple TV 4K will incorporate Dolby Vision (DLB), Piper Jaffray analyst Michael Olson tells investors in a research note. While the economics are unclear, assuming a royalty of 10c-15c per iPhone, revenue would fall between $20M-$30M annually for Dolby, Olson tells investors in a research note. Apple TV sales are likely 5M-8M units per year, potentially adding another $5M to revenue, the analyst estimates. He believes the longer term impact could be more material, however, depending on adoption of Vision on other devices. Olson upped his price target on Dolby shares to $52 from $49 and keeps a Neutral rating on the name.

DLB

Dolby

$53.94

2.44 (4.74%)

AAPL

Apple

$160.86

-0.64 (-0.40%)

  • 19

    Sep

DLB Dolby
$53.94

2.44 (4.74%)

07/17/17
RILY
07/17/17
UPGRADE
Target $61.5
RILY
Buy
Dolby upgraded to Buy from Neutral at B. Riley
B. Riley analyst Eric Wold upgraded Dolby to Buy and raised his price target for the shares to $61.50 from $57. The analyst sees accelerating free cash flow in FY18 and beyond as Dolby Vision and Cinema "latch onto consumer demand." He also sees upside potential when the company reports Q3 results next week.
10/27/16
BRRR
10/27/16
UPGRADE
Target $59
BRRR
Outperform
Dolby upgraded to Outperform from Market Perform at Barrington
Barrington analyst James Goss upgraded Dolby Laboratories to Outperform with a $59 price target following the company's Q4 results. The company is reestablishing momentum given its number of new initiatives, Goss tells investors in a research note.
10/04/16
10/04/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ACADIA (ACAD) reinstated with a Market Perform at Leerink. 2. Royal Caribbean (RCL) was initiated with an Outperform at Macquarie, while the firm initiated Carnival (CCL) and Norwegian Cruise Line (NCLH) with a Neutral. 3. Shopify (SHOP) initiated with a Buy at Goldman. 4. Dolby (DLB) assumed with a Neutral at JPMorgan. 5. United Rentals (URI) initiated with a Buy at Argus. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
JPMS
10/04/16
INITIATION
Target $51
JPMS
Neutral
Dolby assumed with a Neutral at JPMorgan
JPMorgan analyst Paul Chung assumed coverage of Dolby Laboratories with a Neutral rating and raised his price target for the shares to $51 from $45. The stock, after rallying 61% year-to-date, is likely pricing in Dolby's new initiative growth that has yet to materialize, Chung tells investors in a research note.
AAPL Apple
$160.86

-0.64 (-0.40%)

09/13/17
PIPR
09/13/17
NO CHANGE
Target $190
PIPR
Overweight
Apple's iPhone X lives up to lofty expectations, says Piper Jaffray
Piper Jaffray analyst Michael Olson believes Apple's iPhone X lived up to the loft expectations going into the unveiling event. Expectations were for Apple to deliver a device with a "relatively more robust set of upgraded features," and the company generally met these expectations, Olson tells investors in a research note. The analyst views the key upgrades as the change in form factor, namely the edge-to-edge OLED screen, and 3D sensing, which enables facial recognition. The only real disappointment around iPhone X, for some, may be timing, as the device will not ship until November 3, Olson writes. He reiterates an Overweight rating on Apple shares with a $190 price target. The stock closed yesterday down 68c to $160.82.
09/12/17
PIPR
09/12/17
NO CHANGE
Target $190
PIPR
Overweight
Apple 'met lofty expectations' for iPhone X upgrades, says Piper Jaffray
Piper Jaffray analyst Michael Olson said the features of Apple's iPhone X "generally met" the "lofty expectations" set by media reports prior to the company's product launch event today, pointing to its edge-to-edge OLED screen and 3D sensing as the key upgrades. Apple's prior commentary suggests this cycle will see a higher upgrade rate than previous iPhones, added Olson, who keeps an Overweight rating and $190 price target on Apple shares.
09/12/17
BERN
09/12/17
NO CHANGE
BERN
Apple iPhone supply chain may be under pressure, says Bernstein
Ahead of today's Apple event, Bernstein analyst David Dai says he believes share prices of iPhone supply chain may be under pressure in the next 1-3 months and suggests investors to switch from iPhone supply chain companies to non-Apple suppliers to position themselves toward the iPhone launch. Additionally, the analyst says he does not expect major surprises from Apple's event.
09/12/17
JPMS
09/12/17
NO CHANGE
JPMS
JPMorgan lays out iPhone content winners and losers into launch event
JPMorgan analyst Harlan Sur believes Apple's (AAPL) launch event today will be positive for Broadcom (AVGO) and Qorvo (QRVO) as well as Micron (MU) and Intel (INTC). The analyst sees content gains by Broadcom in wireless charging, touch controller, Wi-Fi/Bluetooth and GPS connectivity, and by Qorvo in low band power amplifier duplexers share and antenna tuning. Other companies with significant Apple exposure that would benefit from increased unit sales and/or modest content gains include Intel, Skyworks (SWKS), Knowles (KN), Micron, Cypress Semiconductor (CY), NXP Semiconductors (NXPI) and Texas Instruments (TXN), Sur tells investors in a research note. The analyst sees Analog Devices' (ADI) blended content at Apple declining as he believes the company will not be the touch controller for the OLED-version of the iPhone.

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USO

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