Citi Retains Neutral Rating On Universal Display Corporation (OLED)

Universal Display Corporation (NASDAQ:OLED) is one of the 9 Most Profitable Tech Stocks to Buy Right Now.

On May 4, Citi lowered its price target on Universal Display Corporation (NASDAQ:OLED) to $100 from $105. It retained a “Neutral” rating on the shares.

On April 30, Universal Display Corporation (NASDAQ:OLED) reported revenue of $142.2 million for the Q1 of 2026, dropping from $166.3 million the last year, the firm claimed. Material sales produced $83.7 million, while royalty and license fees provided $54.2 million. Both declined because of changes in client mix and reduced unit volume, based on the report.

The company had an operating income of $42.8 million, dipping from $69.7 million, and a gross margin of 75%, down from 77%. Net income was $35.9 million, or $0.76 per diluted share, down from $64.4 million, or $1.35 per share, according to the firm.

Image Credit: Pixabay

Chief Financial Officer Brian Millard said, “near-term market conditions have become more measured.” The company expected Gen 8.6 capacity additions in Korea and China.

Universal Display Corporation (NASDAQ:OLED) is particularly skilled in the research, development, and sale of organic light-emitting diode technologies and materials for use in displays and solid-state lighting systems.

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