7/104 sources · 4 publishersUpdated Oct 9, 00:49 UTC
Citi downgrades Universal Display to Sell and cuts price target, shares tumble
Citi downgraded Universal Display (OLED) from Neutral to Sell and lowered its price target to $71, down from $85. The downgrade followed a Q2 2026 revenue miss, with sales falling 11% year‑over‑year to $152 million, and management guiding full‑year revenue toward the lower end of its $630‑$670 million range. The stock slipped in pre‑market trading, hovering near its 52‑week low of $73.23.
Why it matters
Citi’s new $71 target sits below the 52‑week low, signaling further downside risk for investors (Citi’s note). The lower guidance and revenue miss reduce expectations for the company’s 2026 earnings trajectory.
Key facts
- 1Citi changed its rating on Universal Display to Sell and cut the price target to $71 from $85. investing.com
- 2Q2 2026 revenue was $152 million, an 11% decline year‑over‑year. investing.com
- 3Management now expects full‑year 2026 revenue toward the lower end of its $630‑$670 million guidance range. finance.yahoo.com
- 4The 52‑week low for the stock is $73.23. investing.com
- 5Pre‑market trading price was around $75. finance.yahoo.com
Open questions
- Material 1 reports a 2.9% pre‑market decline, while material 3 reports a 5.1% drop and material 4 mentions a >5% fall in a day.
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.