A Glimpse Into The Expert Outlook On Universal Display Through 4 Analysts
4 analysts have shared their evaluations of Universal Display (NASDAQ:OLED) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Universal Display and provided 12-month price targets. The average target is $233.25, accompanied by a high estimate of $250.00 and a low estimate of $198.00. This current average reflects an increase of 16.04% from the previous average price target of $201.00.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of Universal Display's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brian Lee | Goldman Sachs | Raises | Buy | $243.00 | $208.00 |
| Martin Yang | Oppenheimer | Raises | Outperform | $250.00 | $200.00 |
| James Ricchiuti | Needham | Raises | Buy | $242.00 | $198.00 |
| James Ricchiuti | Needham | Maintains | Buy | $198.00 | $198.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Universal Display. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Universal Display compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Universal Display's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Universal Display's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Universal Display analyst ratings.
All You Need to Know About Universal Display
Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
Breaking Down Universal Display's Financial Performance
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Universal Display's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 26.67% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Universal Display's net margin is impressive, surpassing industry averages. With a net margin of 34.28%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Universal Display's ROE stands out, surpassing industry averages. With an impressive ROE of 3.86%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Universal Display's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.38% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Universal Display's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.