Universal Display (PANL) Revenue Per Samsung Smartphone Could More Than Triple

March 15, 2013 9:32 AM EDT
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Price: $3.26 -3.83%

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Analyst at Goldman Sachs think Universal Display (NASDAQ: PANL) will be a key beneficiary of Samsung Galaxy S IV.

"Based on our channel checks, PANL is well positioned to benefit from SEC's upcoming Galaxy S IV ramp given its leverage to both red and green phosphorescent (e.g. emitter and host) materials in the design of the smartphone's OLED display. We estimate PANL's revenue per device will increase by 3X-4X for the Galaxy S IV vs. the S III given its expansion in materials supplied from one to three types," said analyst Brian Lee.

Goldman Sachs has a Buy rating on Universal Display (NASDAQ: PANL) with a price target of $41.00.

For an analyst ratings summary and ratings history on Universal Display click here. For more ratings news on Universal Display click here.

Shares of Universal Display closed at $32.26 yesterday.

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