Corning (NYSE:GLW) Given New $149.00 Price Target at Truist Financial

Key Points

• Truist raised its price target on Corning from $125 to $149 while keeping a "hold," and the stock sits at an average analyst price target of about $149.92 with a "Moderate Buy" consensus.
• Corning beat Q1 estimates (EPS $0.70 vs. $0.69; revenues $4.35B, +18.1%) driven by strong Optical and Solar demand tied to AI/data‑center spending, but issued softer Q2 guidance (EPS $0.73–$0.77, revenue ~$4.6B) that prompted a notable share pullback.
• Insiders sold roughly 233,201 shares worth $32.6M over the last quarter while institutional investors hold about 69.8% of the company and insiders own just 0.25%.

Corning (NYSE:GLW - Get Free Report) had its price objective increased by equities researchers at Truist Financial from $125.00 to $149.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the electronics maker's stock. Truist Financial's target price indicates a potential downside of 0.39% from the company's current price.

Several other analysts have also issued reports on the stock. Morgan Stanley boosted their price objective on shares of Corning from $127.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, April 20th. JPMorgan Chase & Co. lowered shares of Corning from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $115.00 to $175.00 in a report on Thursday, April 16th. Zacks Research upgraded shares of Corning from a "hold" rating to a "strong-buy" rating in a report on Monday. Citigroup restated a "buy" rating on shares of Corning in a research note on Wednesday. Finally, Wolfe Research set a $130.00 price objective on Corning and gave the company an "outperform" rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $149.92.

Corning Trading Down 2.3%

GLW stock traded down $3.47 during trading on Wednesday, reaching $149.59. 2,274,251 shares of the stock were exchanged, compared to its average volume of 11,083,938. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $128.50 billion, a price-to-earnings ratio of 81.13, a P/E/G ratio of 2.41 and a beta of 1.06. The business has a 50 day moving average price of $147.58 and a 200-day moving average price of $112.19. Corning has a 1 year low of $43.48 and a 1 year high of $179.08.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.28 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, research analysts predict that Corning will post 3.15 earnings per share for the current year.

Insider Activity at Corning

In other Corning news, COO Avery H. Nelson III sold 1,583 shares of the company's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the sale, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. This represents a 2.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction dated 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 transaction, the executive vice president owned 3,461 shares of the company's stock, valued at $450,691.42. The trade was a 81.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 233,201 shares of company stock worth $32,614,558 over the last quarter. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caldwell Trust Co grew its stake in shares of Corning by 0.5% during the first quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker's stock worth $2,161,000 after purchasing an additional 74 shares in the last quarter. KRS Capital Management LLC lifted its holdings in Corning by 2.2% during the 1st quarter. KRS Capital Management LLC now owns 4,058 shares of the electronics maker's stock worth $552,000 after buying an additional 88 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in Corning by 2.1% during the 1st quarter. Sheets Smith Wealth Management now owns 4,450 shares of the electronics maker's stock worth $605,000 after buying an additional 90 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of Corning by 2.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker's stock worth $336,000 after acquiring an additional 92 shares in the last quarter. Finally, 3Chopt Investment Partners LLC increased its holdings in shares of Corning by 1.0% in the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker's stock valued at $897,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 beat and growth drivers — Corning reported Q1 core sales up ~18% to ~$4.35B and non‑GAAP EPS of $0.70, with management citing strong Gen‑AI/data‑center demand and a ramp in solar products as the growth engines. BusinessWire: Q1 Results
• Positive Sentiment: Optical & solar momentum — Optical Communications sales surged (~36%) and Solar sales jumped (~80%), with new hyperscale customers added — evidence Corning is benefiting from AI/data‑center capex. BusinessWire: Segment Detail
• Positive Sentiment: Analyst upgrade — Zacks Research raised GLW from "hold" to "strong‑buy," giving technical/flow support after the earnings volatility. Zacks: Upgrade
• Neutral Sentiment: Investor resources — The full earnings call transcript and slide deck are available for detail on margin drivers, customer dynamics, and management commentary. Seeking Alpha: Earnings Transcript
• Negative Sentiment: Softer Q2 outlook — Corning guided Q2 EPS to $0.73–$0.77 and revenue to ~$4.6B, which came in below some Street revenue expectations and prompted investor concern about near‑term topline momentum. Reuters: Guidance & Outlook
• Negative Sentiment: Market reaction — Traders focused on the softer outlook and non‑optical weakness, sending shares sharply lower immediately after the print (reports cite a ~10% drop). That volatility reflects profit‑taking and re‑rating risk after a strong run. Blockonomi: Stock Drop
• Negative Sentiment: Non‑optical headwinds & AI capex sensitivity — Management flagged weakness in consumer electronics/non‑optical segments; broader worries about an AI capex slowdown (news around OpenAI metrics) could weigh on demand assumptions for the data‑center cycle. MSN: Segment Pressure

About Corning

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.

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