TD Cowen analyst Krish Sankar raised the firm’s price target on Universal Display to $185 from $150 and keeps an Outperform rating on the shares. The firm believes C2H smartphone seasonality and steady trends in the premium large TV market enabled the company to narrow its CY23 outlook.. TD Cowen also believes the company share gain prospects versus miniLED tech in tablets and IT displays has improved for CY24.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on OLED:
- Universal Display price target raised to $175 from $148 at Needham
- Universal Display price target raised to $196 from $189 at Roth MKM
- Universal Display price target raised to $165 from $145 at BofA
- Universal Display narrows FY23 revenue view higher to $560M-$600M
- Universal Display reports Q2 EPS $1.04, consensus 75c