As of May 26, 2023, a group of analysts have provided their ratings for various companies, including Universal Display Corporation (OLED) and Alphatec Holdings (ATEC). Let’s take a closer look at the ratings for each company.
Universal Display Corporation (OLED) has an average price target of $147.8, with a high of $160.00 and a low of $135.00, based on 12-month price targets from 5 analysts in the last 3 months. The consensus rating for Universal Display stock is Moderate Buy, with 2 hold ratings and 7 buy ratings. The most recent analyst ratings for Universal Display suggest that 5 analysts have an average price target of $140.8 compared to the current price of $127.97, indicating potential upside.
Alphatec Holdings (ATEC) has received 7 bullish ratings and 2 somewhat bullish ratings from analysts in the last quarter, with no indifferent or bearish ratings. These 9 analysts have an average price target of $18.78, implying potential upside from the current price of $14.32. The average price target for Alphatec Holdings has increased by 6.28% over the past month.
It is important to note that analysts are experts in their field, conducting thorough research on company financial statements and speaking with insiders to provide their opinions on stocks. However, it is also important to remember that these ratings are just opinions and should not be the sole basis for investment decisions.
OLED Stock Analysis: Market Cap, Earnings Growth, and Ratios
On May 26, 2023, OLED stock opened at 148.31, slightly higher than its previous close of 147.49. The day’s range was between 148.31 and 154.21, with a total volume of 12,839 shares traded.
OLED’s market cap is $7.1 billion, and it has seen earnings growth of 13.85% over the past year. However, earnings growth for this year is expected to decline by 15.10%. On the other hand, earnings growth for the next five years is expected to increase by 13.33%. Revenue growth for the past year was 11.40%.
The P/E ratio for OLED is 36.8, which is higher than the industry average of 28.5. The price/sales ratio is 8.32, and the price/book ratio is 5.65. These ratios suggest that the stock may be overvalued.
OLED operates in the electronic technology sector and the electronic production equipment industry. Its corporate headquarters are located in Ewing, New Jersey.
Investors should keep an eye on the company’s upcoming earnings report on August 3, 2023, to gain a better understanding of its future performance.
Universal Display Corps Stock Performance and Analyst Ratings for May 26, 2023
On May 26, 2023, Universal Display Corp’s (OLED) stock performance was closely watched by investors and analysts alike. According to data from CNN Money, the 11 analysts offering 12-month price forecasts for the company had a median target of $150.00, with a high estimate of $190.00 and a low estimate of $135.00. The median estimate represented a -2.50% decrease from the last price of $153.84.
Despite the slight decrease in the median estimate, the current consensus among 12 polled investment analysts was to buy stock in Universal Display Corp. This rating had held steady since April, when it was unchanged from a buy rating. This indicated that analysts remained optimistic about the company’s future prospects.
Universal Display Corp’s earnings per share for the current quarter were $0.75, while sales were $129.1 million. The company was set to report its earnings on August 3, 2023.
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