Will Dolphin Entertainment Inc (DLPN) shares lead the market?

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Wall Street is positive on Dolphin Entertainment Inc (DLPN). On average, analysts give DLPN a Strong Buy rating. The average price target is $12, which means analysts expect the stock to rise 230.58% over the next twelve months. This average ranking earns DLPN an analyst rating of 72, which is better than 72% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts today rate DLPN as a Strong Buy. Find out what this means for you and get the rest of the rankings on DLPN!

Why are analyst ratings important?

A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shut down supply chains, causing consumption to change at worldwide. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.

InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.

What’s going on with Dolphin Entertainment Inc stock today?

Dolphin Entertainment Inc (DLPN) stock gained 1.68% while the S&P 500 fell -0.67% at 1:05 p.m. Thursday, May 19. DLPN gained $0.06 from the previous closing price of $3.57 on volume of 16,201 shares. Over the past year, the S&P 500 has fallen -5.30% while the DLPN has fallen -56.63%. DLPN has lost -$0.67 per share over the past 12 months. Click here for the full Dolphin Entertainment Inc. stock report.

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