---
title: "Research Alert: CFRA Maintains Hold Opinion On Shares Of Universal Display Corporation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285104085.md"
description: "CFRA maintains a hold opinion on Universal Display Corporation, lowering its price target by $18 to $106 due to tariffs and memory supply issues affecting near-term visibility. The 2026 EPS estimate is reduced by $0.90 to $4.36, and the 2027 view is cut by $0.28 to $5.58. Q1 results showed a 14% sales decline, with challenges in consumer device volumes. Despite this, management's 2026 guidance was only reduced by 4%, indicating confidence in growth from upcoming OLED fab openings."
datetime: "2026-05-04T17:25:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285104085.md)
  - [en](https://longbridge.com/en/news/285104085.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285104085.md)
---

# Research Alert: CFRA Maintains Hold Opinion On Shares Of Universal Display Corporation

01:25 PM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our price target by $18 to $106, 19x our 2027 EPS view, below OLED's three-year average (~27x) as tariffs and memory supply issues make for limited near-term device visibility. We lower our 2026 EPS estimate by $0.90 to $4.36 and cut our 2027 view by $0.28 to $5.58. Q1 results were disappointing (sales down 14%), with consumer device volumes clearly facing challenges and reflecting more tariff-related pull-ins in the comparable quarter last year. We expect memory supply constraints will continue to weigh on overall device volumes through 2027, and with OLED devices now seeing ~65% smartphone penetration, we note unfavorable exposure outside of the relatively safe premium tier. Nonetheless, management only brought its 2026 guidance down by 4% (to sales of ~$650M) despite the uncertain supply environment and Q1's weakness, which we think reflects its confidence in growth alongside upcoming OLED fab openings/ramps from major customers, which all appear to be progressing smoothly.

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