Mizuho Boosts Corning (NYSE:GLW) Price Target to $220.00

Corning (NYSE:GLW) had its target price hoisted by stock analysts at Mizuho from $190.00 to $220.00 in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the electronics maker’s stock. Mizuho’s price objective would suggest a potential upside of 6.43% from the company’s current price.

A number of other analysts have also recently issued reports on the company. HSBC reiterated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Morgan Stanley set a $180.00 target price on Corning in a report on Friday, May 8th. Wolfe Research set a $130.00 target price on Corning and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average target price of $177.92.

Corning Trading Up 4.3%

NYSE GLW opened at $206.71 on Tuesday. Corning has a 12 month low of $46.77 and a 12 month high of $211.79. The company has a 50-day moving average of $154.06 and a 200-day moving average of $118.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market cap of $177.90 billion, a P/E ratio of 98.90, a P/E/G ratio of 2.84 and a beta of 1.14.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities analysts predict that Corning will post 3.19 earnings per share for the current year.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the transaction, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. This trade represents a 24.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 170,774 shares of company stock valued at $28,148,435. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Corning

Institutional investors have recently made changes to their positions in the business. Berbice Capital Management LLC acquired a new position in shares of Corning in the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Corning in the 4th quarter valued at approximately $26,000. MBM Wealth Consultants LLC acquired a new position in shares of Corning in the 1st quarter valued at approximately $42,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Corning in the 3rd quarter valued at approximately $25,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Corning in the 4th quarter valued at approximately $27,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market coverage continue to highlight Corning as a winner from AI data-center growth, with rising demand for optical components, photonics, and expanded U.S. manufacturing capacity supporting the long-term outlook. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and kept an outperform rating, signaling continued confidence after the stock’s sharp run-up. Mizuho Issues Positive Forecast for Corning (NYSE:GLW) Stock Price
• Positive Sentiment: Additional bullish commentary has focused on Corning’s AI-related momentum, including attention to its optical connectivity platform and broader growth opportunity versus peers in connectivity. Corning vs. Nokia: Which Connectivity Stock is the Better Buy Now?
• Neutral Sentiment: Recent commentary also notes that Corning’s valuation has become richer after its strong advance, so upside may depend on execution and continued AI demand. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales this week, which can raise caution among investors even if the sales were preplanned or routine. Corning (NYSE:GLW) SVP Sells $674,885.20 in Stock

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.