Corning Incorporated (NYSE:GLW) Stock Has Consensus Price Target of $176.50 According to Brokerages

Corning Incorporated (NYSE:GLW) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $174.53.

A number of analysts recently issued reports on the company. China Renaissance raised Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a research report on Tuesday, September 8th. Bank of America lifted their price target on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a report on Monday, July 6th. Sanford C. Bernstein started coverage on Corning in a report on Wednesday. They issued a “market perform” rating and a $140.00 price objective on the stock. Oppenheimer decreased their target price on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Barclays decreased their price objective on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th.

Corning Trading Up 2.4%

NYSE:GLW opened at $164.20 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. Corning has a fifty-two week low of $77.39 and a fifty-two week high of $271.78. The stock’s 50-day moving average is $153.10 and its two-hundred day moving average is $167.50. The stock has a market cap of $141.44 billion, a PE ratio of 74.98, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts forecast that Corning will post 3.28 earnings per share for the current fiscal year.

Insider Activity

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the sale, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This trade represents a 46.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Corning

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Herbst Group LLC bought a new stake in Corning during the 2nd quarter worth approximately $4,474,000. Principal Financial Group Inc. lifted its holdings in shares of Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after purchasing an additional 10,591 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Corning by 36.2% in the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock worth $12,567,000 after purchasing an additional 24,589 shares during the last quarter. Atlas Wealth LLC increased its holdings in Corning by 137.8% in the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after purchasing an additional 6,998 shares during the period. Finally, Silverlake Wealth Management LLC acquired a new stake in Corning in the second quarter valued at $1,872,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and AT&T signed a $3 billion-plus fiber and cable supply agreement to support U.S. broadband expansion. The deal should improve visibility for Corning’s Optical Communications business as rising data usage and AI adoption drive demand for network capacity. AT&T, Corning Strike $3 Bln-Plus Fiber And Cable Supply Deal
• Positive Sentiment: Truist Financial raised its Corning price target from $175 to $182 and maintained a “buy” rating, implying additional upside based on the referenced price. The upgrade reinforces bullish sentiment around Corning’s fiber and AI-infrastructure exposure.
• Positive Sentiment: Corning’s shares also benefited from broader strength in optical and photonics stocks as investors favored suppliers positioned for AI infrastructure spending. Optical stocks rise on AI infrastructure optimism

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.