Roth MKM raised the firm’s price target on Universal Display to $189 from $176 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat, noting however that the upside was slightly muted relative to rising investor expectations around a more robust 2024 recovery. Roth MKM adds however that it continues to expect attractive growth through the end of the decade for Universal Display and would use “selective periods of weakness” to add to positions.
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Read More on OLED:
- Universal Display price target raised to $210 from $165 at TD Cowen
- Universal Display raises quarterly dividend to 40c per share from 35c
- Universal Display sees FY24 revenue $625M-$675M, consensus $666.21M
- Universal Display reports Q4 EPS $1.29, consensus $1.15
- Universal Display Corp. (OLED) Q4 Earnings Cheat Sheet
