Needham lowered the firm’s price target on Universal Display (OLED) to $170 from $215 but keeps a Buy rating on the shares. The company’s disappointing outlook for 2025 despite better-than-expected Q4 revenues last night did have a bit of reassuring news regarding its blue emitter development efforts as the management reiterated that commercialization of the blue phosphorescent material is closer than ever, also noting that the slippage beyond its original year-end 2024 expectations can be measured in months, the analyst tells investors in a research note.
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