Universal Display macro concerns are discounted, says Roth Capital

Roth Capital keeps a Buy rating and a $180 price target on Universal Display (OLED). Headwinds continue to swirl around memory and its impact on smartphones, general Iran induced macro concerns, and the delayed arrival of blue emitters, but the firm remains increasingly positive following its recent marketing with the company management, the analyst tells investors in a research note. Higher end OLED smartphones are more insulated, new fab capacity remains on track for 2026/27, the nascent IT market continues to ramp, and blue activity remains active, Roth added, noting that investors should buy the stock as the concerns are discounted.

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:

Disclaimer & DisclosureReport an Issue