Citigroup Issues Positive Forecast for Corning (NYSE:GLW) Stock Price

Corning (NYSE:GLW) had its price target increased by Citigroup from $102.00 to $120.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the electronics maker’s stock.

Several other brokerages have also recently commented on GLW. Mizuho boosted their price target on shares of Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday. Susquehanna boosted their target price on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings cut Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Argus raised their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.91.

Corning Price Performance

Shares of NYSE:GLW opened at $102.97 on Thursday. The stock has a market cap of $88.29 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.00. Corning has a 12 month low of $37.31 and a 12 month high of $113.99. The stock’s 50 day moving average price is $89.46 and its 200 day moving average price is $79.63.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company posted $0.57 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts anticipate that Corning will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Corning

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Corning during the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC bought a new position in Corning during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its position in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. Financial Management Professionals Inc. grew its position in Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Corning in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Large multiyear agreement with Meta (up to $6B) to accelerate U.S. data‑center buildout adds revenue visibility for Corning’s optical business and supports manufacturing expansion. Read More.
• Positive Sentiment: Q4 results beat: $0.72 EPS on $4.41B revenue (optical communications up sharply), and management raised the Springboard plan — fundamentals point to sustained Gen‑AI / data‑center demand. Read More.
• Positive Sentiment: Several brokers raised targets/ratings (Susquehanna to $125, Citi to $120, JPMorgan to $115), reflecting bullish analyst expectations and providing upside catalysts. Read More.
• Neutral Sentiment: Media and analysts highlight GLW as an AI/data‑center beneficiary (Zacks, Jim Cramer commentary urging holders to stay invested) — supportive narrative but already partly priced in after the recent run. Read More.
• Neutral Sentiment: Company issued Q1 2026 EPS guidance of $0.660–0.700 and said Q1 sales should be above estimates — guidance is generally inline-to‑slightly constructive but not a surprise. Read More.
• Negative Sentiment: CFO Edward Schlesinger sold 21,104 shares (~$2.2M), reducing his stake by ~28% — an insider sale that some investors interpret as a near‑term bearish signal (or simply diversification). Read More.
• Negative Sentiment: After the spike to record highs on the Meta news and earnings, the stock has seen short‑term profit‑taking and a pullback noted by several outlets — likely the proximate cause of today’s decline. Read More.

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.