12 Best Augmented Reality Stocks to Buy According to Analysts

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3. Universal Display Corporation (NASDAQ:OLED)

Stock Upside Potential as of June 24: 20.89%

Number of Hedge Fund Holders: 26

Universal Display Corporation (NASDAQ:OLED) is one of the 12 best-augmented reality stocks to buy, according to analysts. On June 2, Goldman Sachs reiterated a conviction of ‘Buy’ rating and a $183 price target on the stock.

The analysts remain bullish on the commercialization of blue materials, which they believe could boost Universal Display’s revenue per device. The adoption of the materials in key markets of smartphones and TVs could significantly boost the company’s earnings per share growth. The analysts predict a 95% increase in EPS on full penetration over time.

Goldman Sachs believes integrating blue materials would mark a turning point in Universal Display by enhancing its market position. According to the study, the fact that Universal Display is still on the Americas Conviction List further affirms the investment back conviction in the stock’s future performance.

Universal Display Corporation (NASDAQ:OLED) offers OLED technology and materials essential for creating high-quality Augmented Reality displays. Its proprietary UniversalPHOLED materials are used in AR/VR devices, enabling vibrant, energy-efficient, and fast-refreshing displays, making them a key enabler in the AR/VR ecosystem.

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