Canaccord Genuity Maintains a 'Hold' on Universal Display (PANL); Q4 Good, but Risks Remain

Canaccord Genuity maintains a 'Hold' on Universal Display (NASDAQ: PANL) price target raised $1 to $36.00.

Analyst, Jonathan Dorsheimer, said, "While the company is beginning to execute and has turned profitable, much of its success has been reliant on Samsung. We thus view the next year as critical to see if UDC can achieve the same degree of success with the other major OEMs starting their own OLED commercial production."

"While we are very positive on the long-term OLED macro, given the risks we outlined post our OLED workshop including efficiency issues, backplane scaling, and yields as well as a lack of visibility into the core moving pieces of UDC’s actual revenue model (licence rates, materials commitments, etc.), we cannot become more constructive on shares, especially at these levels."

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 $45.68 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• JPMorgan Upgrades STO Express Co Ltd (002468:CH) to Neutral
• META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
• Alfa Laval AB (ALFA:SS) (ALFVY) PT Raised to SEK475 at Barclays