Corning (NYSE:GLW) Trading Up 5.6% on Analyst Upgrade

Corning Incorporated (NYSE:GLW)’s share price traded up 5.6% on Wednesday after Citigroup raised their price target on the stock from $120.00 to $170.00. Citigroup currently has a buy rating on the stock. Corning traded as high as $162.10 and last traded at $160.0940. 17,044,013 shares were traded during mid-day trading, an increase of 72% from the average session volume of 9,916,609 shares. The stock had previously closed at $151.59.

GLW has been the subject of a number of other research reports. Oppenheimer set a $120.00 target price on Corning in a research report on Thursday, January 29th. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, HSBC reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Corning in a research note on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Insider Activity

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 95,687 shares of company stock valued at $11,249,008. 0.32% of the stock is currently owned by company insiders.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major customer deal and AI pivot — Corning is being re-priced as a critical supplier for generative-AI data centers after a multi-year Meta agreement (reported up to $6B) and coverage highlighting how densification of GPUs is driving large, structural demand for fiber optics and cabling. This is the core reason investors are bidding the stock higher. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Operational execution and upgraded targets — Management’s Springboard program is converting incremental sales to high-margin profit (operating margin ~20% and stronger free cash flow). Management raised long-term incremental-sales targets ($11B by 2028), supporting a growth + margin story. What’s Behind Corning Stock’s 200% Rally?
• Positive Sentiment: Analyst upgrades and higher price target — Citigroup raised its GLW price target to $170 and moved to a Buy, and other outlets note analyst upgrades that have coincided with intraday buying pressure. Upgrades lend legitimacy to the rally and attract institutional flows. Analyst Price Target Raise (Benzinga)
• Neutral Sentiment: Options activity — Extremely high call volume (over 50k calls in a day) shows speculative bullish positioning that can amplify moves but also raise short-term volatility risk. Stock Traders Purchase High Volume of Call Options on Corning
• Negative Sentiment: Stretched valuation and execution risk — The stock now trades at a materially higher P/E than historical norms (market commentary cites a high-70s P/E), implying the market is pricing near-perfect execution; any slowdown in data-center deployments, lost contracts or execution missteps could prompt sharp multiple contraction. What’s Behind Corning Stock’s 200% Rally?

Hedge Funds Weigh In On Corning

Several institutional investors and hedge funds have recently modified their holdings of the business. Berbice Capital Management LLC acquired a new position in shares of Corning in the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC bought a new stake in Corning in the 4th quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Corning in the 4th quarter valued at about $27,000. Finally, Strengthening Families & Communities LLC bought a new stake in shares of Corning in the third quarter valued at about $27,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Performance

The stock has a fifty day moving average of $104.26 and a 200-day moving average of $88.65. The firm has a market capitalization of $137.35 billion, a P/E ratio of 87.01, a P/E/G ratio of 2.52 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the business earned $0.57 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Corning Company Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.