BofA Securities analyst Simon Woo maintains $Universal Display (OLED.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 60.0% and a total average return of 5.8% 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 firm's revision of the forecast for Universal Display is aligned with a broader caution regarding near-term sales of smartphones and tablets. Although the company's blue emissive materials may not significantly impact the 2025 outlook, advancements in commercial development could potentially act as a stimulant for the stock's performance.
A reduction in the revenue guidance for Universal Display by 4% for the year 2024 might unexpectedly benefit the company. Considering the known challenges in the handset market as revealed during the Q3 earnings season, it is likely that the company's investors may have to reconcile with less encouraging projections for the year 2025.
The expectation for Universal Display's growth in CY24 has been adjusted to 10% due to a deceleration in materials demand observed in the December quarter.
Note:
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