
Universal Display (OLED) Stock Forecast & Price Target
Universal Display (OLED) Analyst Ratings
Bulls say
Universal Display Corp anticipates a Q4 revenue of approximately $172 million, representing a 6% year-over-year increase, reflecting overall positive growth in the OLED market. Revenues from South Korean customers rose by 8% year-over-year, driven by a significant 14% growth from Samsung, which constitutes around 54% of Q3 revenues. Additionally, the OLED IT market is projected to grow substantially, with an expected increase from 15.96 million units in 2023 to 31 million units by 2027, indicating a robust future demand for OLED technologies.
Bears say
Universal Display Corporation reported a 14% year-over-year decline in revenue to $139.6 million, significantly below consensus estimates of $164.2 million, primarily due to greater-than-expected impacts from customer pull-ins in China. Materials gross margins decreased slightly to 60.3% from 61.5% in the previous quarter, while royalty and license fees, which constitute 38% of Q3 revenue, fell 29% year-over-year to $53.3 million, well below projections. Additionally, operating margins dropped to 30.9%, down from 39.9% in the previous quarter, raising concerns about the company's profitability outlook moving forward.
This aggregate rating is based on analysts' research of Universal Display and is not a guaranteed prediction by Public.com or investment advice.
Universal Display (OLED) Analyst Forecast & Price Prediction
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