Beatson revenue and earnings per share, Two buy ratings. One price target of 42
For the quarter ended March 31 (Q1), Universal Display beat expectations on revenues and exceeded expectations on earnings per share. Universal Display reported revenue of $15.0 million. The 11 analysts polled by S&P Capital IQ hoped for sales of $14.5 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $12.6 million. Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Display is outperform. James Ricchiuti, Needham & Co.: Reiterates a Buy rating, and a $35 price target. Hendi Susanto, Gabelli & Co.: Reiterates a Buy rating on the stock, and a price target of $42.
i can't believ i got it so cheap. Still don't understand why it was hugely oversold unless it was because of one analyst who had around a 16 dollar price target which was so below his peers price targets.