tsla

Deutsche Bank Sets Lofty Price Target for OLED Stock

Deutsche Bank thinks Universal Display can set new records in the coming months

Managing Editor
Aug 30, 2017 at 10:09 AM
facebook X logo linkedin


Analysts are weighing in on defense stock AeroVironment, Inc. (NASDAQ:AVAV), Samsung Electronics supplier Universal Display Corporation (NASDAQ:OLED), and retailer Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI). Here's a quick roundup of today's brokerage notes on shares of AVAV, OLED, and OLLI.

AeroVironment Soars After Encouraging Earnings Report

Aerovironment stock is up 14.5% to trade at $45.05 -- an annual high -- after the company reported better-than-expected quarterly results. The upbeat report prompted at least three brokerages to raise their price targets, including a hike to $40 from $35 at Canaccord Genuity. AVAV stock has had an excellent year, up 68%. Analysts remain skeptical, however. All five of the brokerages covering AVAV stock rate it a tepid "hold," suggesting there's potential for additional bullish brokerage attention in the near term. 

Deutsche Bank Sets Lofty Target For Universal Display

Universal Display stock is up 5% to trade at $116.71, after Deutsche Bank initiated coverage with a "buy" rating, as well as a price target of $135. The new target implies expected upside of about 16% from OLED's current price, and stands in uncharted territory for the stock. The security has more than doubled year-to-date, and is now on pace to take back the all-important 50-day moving average. 

Despite Universal Display's positive price action, short sellers continue to pile on. Short interest has increased by 15.8% during the last two reporting periods, and represents a healthy 8% of OLED's total available float. 

OLLI Earnings Beat Prompts Round Of Price-Target Hikes

Ollie's Bargain Outlet stock is down 1% to trade at $43.00, despite reporting sales and earnings above analyst expectations. As a result, no fewer than three brokerages raised their price targets, including to $50 from $48 at Jefferies. OLLI stock has added 66% year-over-year, and recently hit a record high of $46.08 on Aug. 1. 

There is reason to believe the equity can rise even more. While short interest has decreased in recent weeks, it still represents 14% of Ollie's total available float. Furthermore, it would take more than 14 days for the shorts to fully cover their positions. This represents a major source of potential buying power that could provide OLLI with tailwinds.
 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.