Universal Display (NASDAQ: PANL)‘s stock had its “buy” rating re-affirmed by research analysts at Goldman Sachs (NYSE: GS) in a report issued on Thursday.
Separately, analysts at KeyBanc (NYSE: KEY) initiated coverage on shares of Universal Display in a research note to investors on Friday, January 6th. They set a “buy” rating and a $45.00 price target on the stock. Analysts at Canaccord Genuity cut their price target on shares of Universal Display from $40.00 to $35.00 in a research note to investors on Tuesday, January 3rd. They now have a “hold” rating on the stock. Also, analysts at Gabelli reiterated a “buy” rating on shares of Universal Display in a research note to investors on Friday, December 2nd. They now have a $99.00 price target on the stock.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies for use in flat panel display, solid-state lighting and other applications. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light, making them suitable for use in full-color displays and as lighting products. The Company licenses OLED technologies to manufacturers of products for display applications, such as cell phones, MP3 players, laptop computers and televisions, and specialty and general lighting products. In addition, it also develops OLED materials and sells materials to those product manufacturers.
Shares of Universal Display traded down 1.78% during mid-day trading on Thursday, hitting $40.77. Universal Display has a 52 week low of $22.73 and a 52 week high of $63.58. The stock’s 50-day moving average is $37.31 and its 200-day moving average is $41.28. The company has a market cap of $1.876 billion.