Corning (NYSE:GLW) Price Target Raised to $144.00

Key Points

• Bank of America raised its price target on Corning from $120 to $144 and kept a "buy" rating, implying roughly a 12.8% upside; MarketBeat's consensus remains a "Moderate Buy" with an average target of $131.75.
• Shares traded at $127.71 after a slight Q4 beat (EPS $0.72 vs. $0.71) and 13.9% revenue growth to $4.41B, supported by strong GenAI-driven fiber and optical demand, although the stock's PE of about 69.4 highlights valuation risk.
• Insiders have been selling: CEO Wendell Weeks sold 137,514 shares (~$21.4M) reducing his stake by 15.48%, and insiders disposed of 233,201 shares (~$32.6M) in the last three months, while institutions hold about 69.8% of the stock.

Corning (NYSE:GLW - Get Free Report) had its target price upped by equities researchers at Bank of America from $120.00 to $144.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the electronics maker's stock. Bank of America's price target would suggest a potential upside of 12.75% from the company's current price.

A number of other equities analysts have also recently commented on the company. Fox Advisors cut Corning from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 29th. Morgan Stanley raised their target price on shares of Corning from $103.00 to $127.00 and gave the stock an "equal weight" rating in a report on Monday, February 23rd. Mizuho set a $145.00 target price on shares of Corning in a research note on Monday, February 23rd. Citigroup upped their price target on shares of Corning from $120.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Finally, Zacks Research cut shares of Corning from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 21st. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Corning presently has a consensus rating of "Moderate Buy" and an average target price of $131.75.

Corning Price Performance

Shares of NYSE:GLW traded down $4.05 on Thursday, hitting $127.71. The company's stock had a trading volume of 2,357,525 shares, compared to its average volume of 11,003,780. Corning has a 1 year low of $37.31 and a 1 year high of $162.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market capitalization of $109.57 billion, a PE ratio of 69.39, a PEG ratio of 2.36 and a beta of 1.05. The company has a 50-day simple moving average of $116.13 and a 200 day simple moving average of $94.41.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the prior year, the business earned $0.57 earnings per share. Corning's revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts forecast that Corning will post 2.33 EPS for the current fiscal year.

Insider Transactions at Corning

In other news, CEO Wendell P. Weeks sold 137,514 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer directly owned 750,585 shares of the company's stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The stock was 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 in the company, valued at $450,691.42. The trade was a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is owned by insiders.

Institutional Trading of Corning

A number of institutional investors and hedge funds have recently modified their holdings of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning in the 3rd quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in Corning during the 4th quarter valued at $26,000. Basepoint Wealth LLC bought a new position in shares of Corning during the 4th quarter valued at $26,000. Strengthening Families & Communities LLC bought a new position in shares of Corning during the 3rd quarter valued at $27,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Corning in the 4th quarter worth $27,000. Institutional investors own 69.80% of the company's stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: GenAI demand is driving robust orders for Corning’s fiber and optical connectivity used inside AI data centers, underpinning revenue momentum and investor optimism. Corning Incorporated (GLW) Gains on Strong GenAI-Driven Optical Communications Demand
• Positive Sentiment: Corning licensed PRIZM® TMT ferrule technology (via a US Conec collaboration) to boost high‑density optical connectivity for next‑gen AI networks — a product expansion that increases addressable market share in hyperscale data centers. Corning Expands AI Data Center Connectivity Portfolio with PRIZM® TMT Technology
• Positive Sentiment: UBS raised its price target and reiterated a Buy, citing stronger AI/fiber demand tied to large cloud customers — analyst support gives institutional buyers cover and reinforces the bullish thesis. Why UBS Is Bullish on Corning Incorporated (GLW) as AI and Fiber Demand Surge
• Positive Sentiment: The launch of a 2x single‑stock ETF (GLWG) tied to Corning and related leveraged products is increasing trading interest and daily flow — this can amplify rallies as traders and momentum funds participate. Leverage Shares by Themes Debuts WLDU, Delivering 2X Global Equity Exposure, and GLWG Single-Stock ETF
• Positive Sentiment: Institutional inflows and renewed investor attention around AI infrastructure are cited as long‑term support for the stock — flows can sustain upward pressure even amid short‑term volatility. AI Demand, Institutions Keep Corning Flying
• Positive Sentiment: Specialty Materials showed sequential strength (Q4 revenue growth reported), offering a diversified revenue base beyond fiber optics that can support margins. GLW Gains From Strength in Specialty Materials: Will it Sustain?
• Neutral Sentiment: Analysts remain mixed overall — some raise targets while others flag valuation/near‑term cyclicality; expect divergence in broker notes to drive intraday swings. Analysts’ Opinions Are Mixed on These Technology Stocks: Oracle (ORCL), Rigetti Computing (RGTI) and Corning (GLW)
• Neutral Sentiment: Coverage pieces are re‑examining valuation and volatility after the GLWG ETF debut — that analysis keeps the stock on traders’ radars but also highlights short‑term risk from leveraged flows. Assessing Corning (GLW) Valuation After GLWG ETF Launch And AI Infrastructure Momentum
• Negative Sentiment: Some commentators warn the rally may be priced for perfection — GLW’s sharp multi‑month gain and elevated multiples raise pullback risk if AI capex or cloud orders soften. 2 Reasons to Like GLW and 1 to Stay Skeptical

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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