TD Cowen analyst Krish Sankar maintains $Universal Display (OLED.US)$ with a buy rating, and adjusts the target price from $250 to $225.
According to TipRanks data, the analyst has a success rate of 60.6% and a total average return of 15.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Universal Display (OLED.US)$'s main analysts recently are as follows:
The recent reduction in revenue forecasts for 2024 by Universal Display might initially displease investors, but this adjustment could ultimately serve as a favorable development. This recalibration aligns with the tepid performance in the handset sector disclosed during the Q3 earnings season, suggesting that expectations for 2025 may need to be tempered.
The firm has adjusted its outlook for CY24 to anticipate 10% growth due to a softer demand for materials in the December quarter.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
