Universal Display price target lowered to $194 from $220 at Roth Capital

Roth Capital lowered the firm’s price target on Universal Display (OLED) to $194 from $220 and keeps a Buy rating on the shares. The company reported a Q3 revenue miss but management maintained its 2025 outlook with a bias toward the lower end of the sales range, the analyst tells investors in a research note. Roth reduced estimates and is still waiting for Blue as it resides in the hands of multiple Universal Display customers.