Universal Display Corporation (OLED) : 1 brokerage houses believe that Universal Display Corporation (OLED) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Universal Display Corporation (OLED). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.
Universal Display Corporation (OLED) stock is expected to deviate a maximum of $11.36 from the average target price of $62.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $51.
Also, Brokerage firm Needham downgrades its rating on Universal Display Corporation (NASDAQ:OLED). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 5, 2016.
Universal Display Corporation (NASDAQ:OLED): After opening at $58.24, the stock dipped to an intraday low of $58.24 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $60.81 and the buying power remained strong till the end. The stock closed at $59.86 for the day, a gain of 2.68% for the day session. The total traded volume was 531,935. The stocks close on the previous trading day was $58.3.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Companys flat panel displays are used for a variety of portable consumer electronics products, such as cell phones, portable media devices, digital cameras, tablets and laptop computers. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities and it provides technical assistance and support to these manufacturers. Its customers include LG Display, Tohoku Pioneer and Konica Minolta, among others.