Wall Street Zen Upgrades Corning (NYSE:GLW) to “Buy”

Corning (NYSE:GLW) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other analysts have also issued reports about the company. Citigroup increased their target price on Corning from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Mizuho increased their price objective on shares of Corning from $220.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Truist Financial boosted their target price on shares of Corning from $149.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $194.69.

Corning Trading Down 0.1%

Shares of GLW stock opened at $154.47 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a market cap of $132.94 billion, a P/E ratio of 73.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.09. The stock has a 50 day simple moving average of $192.81 and a 200 day simple moving average of $153.30. Corning has a 1 year low of $53.29 and a 1 year high of $271.78.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter last 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 3.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the vice president directly owned 5,138 shares of the company’s stock, valued at $1,019,070.92. This trade represents a 66.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 160,655 shares of company stock valued at $30,692,560 over the last ninety days. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Corning

Several hedge funds and other institutional investors have recently made changes to their positions in GLW. Berbice Capital Management LLC acquired a new stake in Corning in the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Corning during the fourth quarter worth $26,000. Atwood & Palmer Inc. bought a new position in shares of Corning in the 2nd quarter valued at $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Corning in the 4th quarter valued at $27,000. Finally, Litman Gregory Wealth Management LLC acquired a new stake in shares of Corning during the 4th quarter valued at $31,000. 69.80% of the stock is owned by institutional investors.

Corning Company Profile

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.