Needham Maintains Buy on Universal Display, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Universal Display (NASDAQ:OLED) but lowers the price target from $242 to $215.

October 31, 2024 | 10:52 am
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Needham analyst James Ricchiuti maintains a Buy rating on Universal Display but lowers the price target from $242 to $215, indicating a more cautious outlook.
The analyst's decision to maintain a Buy rating suggests confidence in the company's long-term prospects. However, the lowered price target reflects a more cautious short-term outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100