Oppenheimer analyst Martin Yang maintained a Buy rating on Universal Display (OLED – Research Report) today and set a price target of $210.00. The company’s shares closed last Friday at $181.76.
According to TipRanks, Yang is an analyst with an average return of -1.4% and a 42.33% success rate. Yang covers the Technology sector, focusing on stocks such as Universal Display, Apple, and Ceva.
Universal Display has an analyst consensus of Moderate Buy, with a price target consensus of $199.71, representing a 9.88% upside. In a report released on February 8, Goldman Sachs also assigned a Buy rating to the stock with a $200.00 price target.
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Based on Universal Display’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $141.08 million and a net profit of $51.52 million. In comparison, last year the company earned a revenue of $160.56 million and had a net profit of $53.46 million
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OLED in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Universal Display (OLED) Company Description:
Universal Display Corp. engages in research, development, and commercialization of organic light emitting diode, technologies, and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones; portable media devices; tablets; laptop computers and televisions; and specialty and general lighting products. The company was founded by Sherwin I. Seligsohn in 1994 and is headquartered in Ewing, NJ.
Read More on OLED:
- Universal Display Corp. (OLED) Q4 Earnings Cheat Sheet
- Universal Display price target raised to $198 from $175 at Needham
- IBM upgraded, Hertz downgraded: Wall Street’s top analyst calls
- Universal Display downgraded to Neutral from Buy at Citi
- Universal Display price target raised to $170 from $150 at Susquehanna