Oppenheimer analyst Martin Yang maintains $Universal Display (OLED.US)$ with a buy rating, and adjusts the target price from $250 to $220.
According to TipRanks data, the analyst has a success rate of 49.5% and a total average return of 5.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Universal Display (OLED.US)$'s main analysts recently are as follows:
While a reduction in revenue forecasts is typically unwelcome, the analyst suggests that Universal Display's 4% reduction in its 2024 revenue outlook might paradoxically be beneficial. This perspective comes in the wake of the third-quarter earnings season, which highlighted a weakness in handset sales. It is suggested that investors may have to brace for less-than-ideal guidance for 2025.
The projection for Universal Display's CY24 outlook has been moderated to anticipate a 10% growth due to a reduction in materials demand observed in the December quarter.
Note:
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