Analyst James Ricchiuti from Needham reiterated a Buy rating on Universal Display (OLED – Research Report) and keeping the price target at $170.00.
James Ricchiuti has given his Buy rating due to a combination of factors, including the promising developments in Universal Display’s phosphorescent blue emitter materials. The recent announcement by LG Display about achieving commercialization-level performance of these materials suggests a potential new revenue stream for Universal Display, expected to scale in the coming years, specifically in 2026 and 2027.
Additionally, Universal Display’s first-quarter results surpassed expectations, with revenues slightly increasing and earnings per share significantly exceeding market predictions. The company’s reaffirmation of its 2025 guidance indicates resilience to broader economic challenges, and the anticipated adoption of the blue emitter by display customers post-2025 further supports the positive outlook. These elements collectively underpin Ricchiuti’s Buy rating.
In another report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $200.00 price target.