Corning (NYSE:GLW) Stock Price Up 5.6% - Should You Buy?

Key Points

• Corning's stock jumped 5.6% to about $135.81 on Tuesday, lifted by momentum from a Jim Cramer pick and news that Corning and Meta began expanding U.S. optical cable manufacturing to support AI/data-center buildouts (part of a multiyear agreement up to $6B).
• Analyst sentiment is mostly positive with a consensus Moderate Buy rating and a $132.08 target, while several firms raised targets (Citigroup $170, UBS $160, BofA $155) even as Truist initiated coverage with a Hold and a $125 target.
• Corning posted a slight earnings beat (Q4 EPS $0.72 vs. $0.71, revenue +13.9% y/y) but trades at a high P/E (~73.8) with a 0.8% yield and notable recent insider selling, highlighting growth potential alongside valuation and insider‑selling risks.

Corning Incorporated (NYSE:GLW - Get Free Report)'s stock price traded up 5.6% during trading on Tuesday . The stock traded as high as $135.99 and last traded at $135.8120. 10,609,520 shares were traded during trading, a decline of 7% from the average session volume of 11,427,738 shares. The stock had previously closed at $128.55.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Jim Cramer singled out Corning as a top pick for the AI and data-center trade, calling it “the best one” for the buildout—this kind of endorsement can boost retail momentum and sentiment. Jim Cramer Chooses Corning
• Positive Sentiment: Corning and Meta began construction on a Hickory, NC optical cable manufacturing expansion to support AI data centers, part of their multiyear agreement (up to $6B). That expands U.S. manufacturing capacity and supports durable revenue opportunities from the AI infrastructure cycle. Corning and Meta Construction Announcement News Coverage
• Neutral Sentiment: Coverage and screeners continue to highlight GLW as a high-ROE, defensive candidate amid macro/geo-political volatility—this can attract institutional and defensive flows but is less catalytic than operational news. Zacks: 5 Stocks With High ROE
• Neutral Sentiment: Analyst pieces comparing GLW to technology peers note Corning’s strong performance this year vs. some sector peers—useful context for relative-performance trades but not a direct catalyst. Zacks: Peer Comparison
• Negative Sentiment: Truist initiated coverage with a Hold rating and a $125 price target, implying downside from recent levels—this could temper upside and serve as a reference point for more conservative investors. Benzinga: Truist Coverage

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. HSBC reiterated a "buy" rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Citigroup increased their price target on Corning from $120.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Oppenheimer set a $120.00 price objective on shares of Corning in a research report on Thursday, January 29th. Bank of America boosted their price target on Corning from $144.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, March 23rd. Finally, UBS Group increased their price objective on shares of Corning from $125.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.08.

Corning Stock Performance

The stock has a market cap of $116.67 billion, a price-to-earnings ratio of 73.81, a price-to-earnings-growth ratio of 2.16 and a beta of 1.04. The stock's 50-day simple moving average is $127.41 and its two-hundred day simple moving average is $100.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning's dividend payout ratio is presently 60.87%.

Insider Buying and Selling at Corning

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the business'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 transaction of $2,000,960.52. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 233,201 shares of company stock worth $32,614,558 in the last three months. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Corning

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

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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