Corning (NYSE:GLW) Price Target Raised to $182.00

Corning (NYSE:GLW) had its target price hoisted by Truist Financial from $175.00 to $182.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the electronics maker’s stock.

GLW has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price objective on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Sanford C. Bernstein started coverage on shares of Corning in a research report on Wednesday, September 30th. They issued a “market perform” rating and a $140.00 target price on the stock. Wall Street Zen lowered shares of Corning from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. UBS Group reissued a “buy” rating and set a $196.00 price target on shares of Corning in a research report on Wednesday, July 29th. Finally, Mizuho dropped their price objective on shares of Corning from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.53.

Corning Stock Up 0.0%

Shares of NYSE:GLW opened at $164.20 on Friday. The firm has a market capitalization of $141.44 billion, a P/E ratio of 74.98, a P/E/G ratio of 2.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The stock has a 50 day moving average price of $153.10 and a 200-day moving average price of $167.75. Corning has a 52-week low of $77.39 and a 52-week high of $271.78.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts anticipate that Corning will post 3.28 EPS for the current fiscal year.

Insider Activity at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the sale, the executive vice president directly owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Corning

Large investors have recently modified their holdings of the stock. State Street Corp increased its stake in Corning by 13.4% during the 2nd quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock valued at $10,500,315,000 after purchasing an additional 4,845,027 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Corning by 29.2% in the second quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock worth $4,784,361,000 after buying an additional 4,231,507 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Corning by 52.7% in the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after buying an additional 5,831,873 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Corning by 50.9% during the second quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock valued at $3,365,084,000 after buying an additional 4,446,514 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Corning during the second quarter valued at approximately $1,510,911,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and AT&T signed a $3 billion-plus fiber and cable supply agreement to support U.S. broadband expansion. The deal should improve visibility for Corning’s Optical Communications business as rising data usage and AI adoption drive demand for network capacity. AT&T, Corning Strike $3 Bln-Plus Fiber And Cable Supply Deal
• Positive Sentiment: Truist Financial raised its Corning price target from $175 to $182 and maintained a “buy” rating, implying additional upside based on the referenced price. The upgrade reinforces bullish sentiment around Corning’s fiber and AI-infrastructure exposure.
• Positive Sentiment: Corning’s shares also benefited from broader strength in optical and photonics stocks as investors favored suppliers positioned for AI infrastructure spending. Optical stocks rise on AI infrastructure optimism

About Corning

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.