Corning (NYSE:GLW) Stock Price Expected to Rise, Citigroup Analyst Says

Corning (NYSE:GLW) had its price target boosted by investment analysts at Citigroup from $120.00 to $170.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. Citigroup’s price target points to a potential upside of 13.11% from the company’s current price.

GLW has been the subject of a number of other research reports. Barclays set a $100.00 target price on Corning in a report on Thursday, January 29th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Morgan Stanley raised their price objective on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Corning Stock Performance

GLW stock opened at $150.29 on Wednesday. Corning has a 1-year low of $37.31 and a 1-year high of $162.10. The business has a 50-day moving average price of $107.02 and a 200 day moving average price of $89.58. The company has a market capitalization of $128.94 billion, a P/E ratio of 81.68, a PEG ratio of 2.77 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 1.04.

Corning (NYSE:GLW) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $0.57 EPS. The company’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 will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling at Corning

In related news, COO Avery H. Nelson III sold 6,262 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $129.79, for a total value of $812,744.98. Following the transaction, the chief operating officer directly owned 61,371 shares of the company’s stock, valued at $7,965,342.09. This represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer owned 54,780 shares of the company’s stock, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,687 shares of company stock worth $11,249,008 in the last three months. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning in the third quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new stake in Corning during the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new stake in Corning during the 4th quarter valued at approximately $26,000. Strengthening Families & Communities LLC purchased a new stake in shares of Corning in the 3rd quarter valued at $27,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Corning in the fourth quarter worth $27,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup raised its price target to $170 and put a Buy rating on GLW, signaling continued analyst confidence and providing upside vs. prior targets. Read More.
• Positive Sentiment: Multiple broker upgrades lifted the stock into fresh highs and drew buying interest — coverage notes that Corning’s end-market exposure (optical, data center glass) underpins long-term earnings upside. Read More.
• Positive Sentiment: Sell-side momentum translated into intraday strength earlier in the week (shares traded ~4% higher after an upgrade), fueling the recent rally. Read More.
• Positive Sentiment: Feature pieces argue Corning’s 200% rally is supported by structural demand (fiber buildouts, AI/data center glass) and improving fundamentals — these narratives help justify a richer multiple to some investors. Read More. Read More.
• Neutral Sentiment: Secondary reporting (Benzinga) reiterated the Citi price-target lift and Buy call, reinforcing the market narrative but not adding new fundamental data. Read More.
• Negative Sentiment: Despite bullish coverage, valuation is stretched (elevated P/E and recent run to near-record levels) which can trigger profit-taking and larger intraday swings; that appears to be the proximate cause of today’s pullback. 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.