Why Universal Display Corp. Stock Popped Today
Shares of Universal Display Corporation (NASDAQ: OLED) climbed 12% on Wednesday after Deutsche Bank analyst Sidney Ho initiated coverage on the OLED specialist with a "Buy" rating and $135 per-share price target. That's a nearly 22% premium from yesterday's closing price.
To justify his optimism, Ho noted that Universal Display is a "pure play" in one of the market's fastest-growing tech segments. He also argued that investors are underestimating multiple aspects of the company's growth story.
Image source: Universal Display.
Source: Fool.com
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