Corning (NYSE:GLW) Trading Up 5.6% Following Analyst Upgrade

Corning Incorporated (NYSE:GLW) shares were up 5.6% on Wednesday 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. Approximately 17,044,013 shares traded hands during trading, an increase of 72% from the average daily volume of 9,916,609 shares. The stock had previously closed at $151.59.

Several other analysts also recently weighed in on the stock. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Barclays set a $100.00 price target on Corning in a research note on Thursday, January 29th. Susquehanna lifted their price objective on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Morgan Stanley boosted their price objective on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

Insider Transactions at Corning

In other news, COO Avery H. Nelson III sold 6,262 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $129.79, for a total transaction of $812,744.98. Following the completion of the transaction, the chief operating officer directly owned 61,371 shares of the company’s stock, valued at approximately $7,965,342.09. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Li Fang sold 9,797 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,687 shares of company stock valued at $11,249,008 in the last 90 days. Insiders own 0.40% of the company’s stock.

Trending Headlines about Corning

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

Corning Stock Up 5.6%

The firm has a 50-day moving average price of $105.76 and a two-hundred day moving average price of $89.15. The firm has a market cap of $137.35 billion, a price-to-earnings 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 announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating 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 company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, sell-side analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

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