Needham Maintains Buy on Universal Display, Raises Price Target to $198
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has reaffirmed a Buy rating on Universal Display (NASDAQ:OLED) and increased the price target from $175 to $198. This adjustment reflects a positive outlook on the company's future performance.
January 22, 2024 | 11:40 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham analyst James Ricchiuti maintains a Buy rating on Universal Display and raises the price target from $175 to $198, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can often lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100