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Technology Stocks : OLED Universal Display Corp
OLED 118.18-2.2%Dec 12 9:30 AM EST
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From: ynotgoal8/4/2017 10:06:44 AM
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Universal Display (OLED): No peak here - Goldman

Goldman Sachs analyst, Brian Lee, reiterated his Buy rating on shares of Universal Display (NASDAQ: OLED) and raised his price target to $150 after the company earned almost $1 in 2Q ($0.99 vs. Street of $0.73) matching what it earned in all of 2016. The beat was also broadbased as materials and royalty/licensing revenue were above expectations, while 79% materials gross margin was also better.

The analyst stated "investor fears following the big 1Q beat centered on the potential for previous buys that would not follow through, a 5% qoq rise in materials buys from Samsung seem to put that bear thesis to rest, in our view".

The new PT of $150 is up from $140.

streetinsider.com
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