Universal Display price target raised by $25 at Deutsche Bank, here’s why

Deutsche Bank raised the firm’s price target on Universal Display to $190 from $165 and keeps a Buy rating on the shares. The firm said the price is based on a discounted cash flow methodology given the view of very high growth rates in the next five years. Deutsche’s analysis assumes growth will decelerate beyond 2025 to a terminal growth rate of 5% in 2030.