Corning (NYSE:GLW) Reaches New 12-Month High Following Analyst Upgrade

Shares of Corning Incorporated (NYSE:GLW) reached a new 52-week high on Thursday after Citigroup raised their price target on the stock from $120.00 to $170.00. Citigroup currently has a buy rating on the stock. Corning traded as high as $162.10 and last traded at $160.0940, with a volume of 17166557 shares trading hands. The stock had previously closed at $151.59.

Several other analysts have also issued reports on the stock. Oppenheimer set a $120.00 price target on shares of Corning in a research report on Thursday, January 29th. Barclays set a $100.00 target price on shares of Corning in a report on Thursday, January 29th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Susquehanna increased their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.42.

Insiders Place Their Bets

In related news, VP John Z. Zhang sold 1,531 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction dated 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 completion of the sale, the executive vice president owned 3,461 shares of the company’s stock, valued at $450,691.42. This trade represents a 81.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 95,687 shares of company stock worth $11,249,008 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major AI/data‑center demand and a large Meta agreement underpin the re‑rating of Corning as an AI infrastructure supplier — the narrative shift from “glass maker” to critical optical‑fiber provider (densification of GPU clusters drives outsized fiber demand). What’s Behind Corning Stock’s 200% Rally?
• Positive Sentiment: Analyst upgrades and price‑target increases are boosting buying momentum — Citigroup raised its target to $170 and several outlets reported upgrades that coincide with intraday strength. Corning (NYSE:GLW) Trading 4% Higher After Analyst Upgrade
• Positive Sentiment: Unusually large call‑option volume (roughly double typical daily call activity) points to heightened bullish positioning from traders and possibly institutions, which can amplify short‑term upside. Stock Traders Purchase High Volume of Call Options on Corning (NYSE:GLW)
• Neutral Sentiment: Strong quarterly results, Springboard margin leverage and upgraded multi‑year sales targets underpin the longer‑term bull thesis, but these are execution‑dependent (management has raised targets and early results show margin expansion). From Glass Maker to AI Kingmaker: Corning’s Pivot
• Negative Sentiment: Valuation and momentum risk: the stock now trades at a material premium to historical multiples (market is pricing flawless execution), raising the risk of sharp pullbacks if growth or Meta demand expectations slip. What’s Behind Corning Stock’s 200% Rally?

Institutional Investors Weigh In On Corning

A number of hedge funds and other institutional investors have recently made changes to their positions in GLW. Brighton Jones LLC raised its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Corning in the first quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Corning during the second quarter worth about $401,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Corning during the second quarter worth about $266,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Trading Up 5.6%

The firm’s fifty day simple moving average is $105.76 and its 200 day simple moving average is $89.15. The stock has a market capitalization of $137.35 billion, a P/E ratio of 87.01, a price-to-earnings-growth ratio of 2.62 and a beta of 1.13. 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) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business posted $0.57 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

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.