Needham Sticks to Its Buy Rating for Universal Display (OLED)

In a report released today, James Ricchiuti from Needham maintained a Buy rating on Universal Display (OLED), with a price target of $275.00. The company’s shares closed last Thursday at $218.24.

According to, Ricchiuti is a 5-star analyst with an average return of 22.1% and a 65.4% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.

Universal Display has an analyst consensus of Moderate Buy, with a price target consensus of $249.43, representing a 13.4% upside. In a report released today, Oppenheimer also reiterated a Buy rating on the stock with a $275.00 price target.

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The company has a one-year high of $262.77 and a one-year low of $137.30. Currently, Universal Display has an average volume of 389.2K.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OLED in relation to earlier this year.

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Universal Display Corp. engages in research, development, and commercialization of organic light emitting diode, technologies, and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones; portable media devices; tablets; laptop computers and televisions; and specialty and general lighting products. The company was founded by Sherwin I. Seligsohn in 1994 and is headquartered in Ewing, NJ.

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