Roth Capital Upgrades Universal Display (OLED) to Buy

March 8, 2021 9:03 AM EST
Get Alerts OLED Hot Sheet
Price: $229.25 +2.55%

Rating Summary:
    10 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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Roth Capital analyst Scott Searle upgraded Universal Display (NASDAQ: OLED) from Neutral to Buy with a price target of $250.00 (from $230.00).

The analyst comments "We are upgrading OLED to a Buy and raising our price target to $250 given the recent pull back (down 28% since mid-January) in combination with the improving 2021 outlook and relatively early days of OLED adoption. As we enter 2021, we expect the recovery in mobile devices (11% growth in 2021 according to Gartner) and continued growth in OLED TVs (~2% penetration) which gives comfort to 2021 guidance of 24-31% growth. Buy."

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 $180.00 yesterday.

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