12-17-2013, 06:44 AM
Little bit controversial, but they've got some of their mojo back:
Universal Display surges 7%; analyst eyes Samsung, LG, Apple prospects • 2:27 PM
Universal Display (OLED +6.9%) is reiterated at Buy with a $50 price target at JMP Securities, which raises estimates for next year based on increasing use of the organic light-emitting diode technology by Samsung, a possible deal with LG Electronics and possible inclusion in the OLED display of a forthcoming iWatch from Apple (AAPL).
After talking with company management last week, JMP analyst Alex Gauna says he didn’t fully appreciate the revenue ramp from OLED's green host and emitter technology it will get from Samsung's Galaxy S4 and Note 3, and it will not have the inventory overhang it suffered from last year.
Gauna adds that Apple is launching an OLED-based iWatch - he’s "not sure what the timing is” but "it sure feels like it’s a 2014-type of development"; he thinks “Apple would have to include Universal technology to make a compelling product.”
Universal Display surges 7%; analyst eyes Samsung, LG, Apple prospects • 2:27 PM
Universal Display (OLED +6.9%) is reiterated at Buy with a $50 price target at JMP Securities, which raises estimates for next year based on increasing use of the organic light-emitting diode technology by Samsung, a possible deal with LG Electronics and possible inclusion in the OLED display of a forthcoming iWatch from Apple (AAPL).
After talking with company management last week, JMP analyst Alex Gauna says he didn’t fully appreciate the revenue ramp from OLED's green host and emitter technology it will get from Samsung's Galaxy S4 and Note 3, and it will not have the inventory overhang it suffered from last year.
Gauna adds that Apple is launching an OLED-based iWatch - he’s "not sure what the timing is” but "it sure feels like it’s a 2014-type of development"; he thinks “Apple would have to include Universal technology to make a compelling product.”