Morgan Stanley Upgrades LG Display Co. (LPL), Raises PT

LG Display Co., Ltd. (NYSE:LPL) is one of the stocks that made it to our list of top 10 newsworthy upgrades and downgrades. On June 11, Morgan Stanley upped the company’s stock to “Equal Weight” from “Underweight” with a price objective of KRW 9,500, up from the prior target of KRW 8,600, as reported by The Fly. As per the firm, the weak end markets and an uncertain cyclical outlook have been de-risked in valuation and earnings. Furthermore, it expects that a strong OLED contribution and fixed cost reduction will drive a turn to profit and improved earnings from Q3 2025 onwards.

An employee in a pawn store, counting jewelry and consumer electronics that were pawned.

As the market for LCD panel-based products reached a maturity stage, LG Display Co., Ltd. (NYSE:LPL) believes that the increased adoption of OLED panels throughout numerous segments, aided by their differentiated advantages, can help create new opportunities.  The display panel industry is anticipated to continue to grow. LG Display Co., Ltd. (NYSE:LPL) continues to strengthen its business competitiveness based on customer value and developing new markets under the strategic plan to pivot its business to center around OLED, which possesses robust growth potential in the display panel industry.

Coming to the large-sized display panels, the company continues to focus on expanding the OLED market via differentiated products and technology and strengthening business with new customers.

While we acknowledge the potential of LPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than LPL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.