LPL - How Universal Display's Shares More Than Doubled in 2019
Shares of Universal Display (NASDAQ: OLED) gained 120% in 2019, according to data from S&P Global Market Intelligence. The technology developer and materials reseller behind organic light-emitting diode (OLED) screens crushed Wall Street's expectations in every earnings report and presented a clear path to even greater gains in 2020 and beyond.
OLED screens are already popular in high-end smartphones and wearable computing devices, and the technology is gaining ground in big-screen TV sets and in-car displays. Universal Display's revenue growth took a breather in 2018 but bounced back with a vengeance in 2019, and the company's management believes that the OLED market has an enormous amount of growth ahead of it.
Image source: Getty Images.