“Hari boosted his price target on Applied Materials stock to 27 from 25 and kept his buy rating, noting the company’s OLED (organic light-emitting diode) and 3D Nand (flash memory) push and Chinese business could drive earnings per share minus items to $1.81 and $2.10 in calendar years 2016 and 2017,” Gatlin reports. “UBS analyst Stephen Chin sees Applied Materials bolstering its EPS by 80 cents annually, assuming the TV market, like the smartphone market, also adopts OLED screens. OLED screens are thinner and more flexible than other display screens, and is expected to be a feature in Apple’s iPhone 8, expected to be released in the fall of 2017. So far, Apple uses OLEDs on just one product, the Apple Watch.”
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