Corning (NYSE:GLW) Price Target Raised to $144.00

Corning (NYSE:GLW) had its price objective increased by Bank of America from $120.00 to $144.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

Other equities research analysts have also issued research reports about the stock. Susquehanna raised their price target on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. HSBC reiterated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.75.

Corning Stock Performance

NYSE:GLW opened at $129.19 on Thursday. The firm has a market cap of $110.84 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. Corning has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The business has a 50 day moving average price of $117.74 and a 200-day moving average price of $95.28.

Corning (NYSE:GLW) last issued its 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 firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the business earned $0.57 earnings per share. The business’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. Equities research analysts predict that Corning will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Insider Activity

In other Corning news, VP John Z. Zhang sold 1,531 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Avery H. Nelson III sold 1,583 shares of Corning stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer directly owned 59,788 shares in the company, valued at approximately $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning in the third quarter worth $25,000. Berbice Capital Management LLC bought a new stake in shares of Corning during the 4th quarter valued at $26,000. Basepoint Wealth LLC purchased a new stake in shares of Corning in the 4th quarter worth about $26,000. Strengthening Families & Communities LLC purchased a new stake in shares of Corning in the 3rd quarter worth about $27,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Corning in the 4th quarter worth about $27,000. Institutional investors own 69.80% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target to $144 and reiterated a “buy” rating, citing a potential ~$10.3B scale-out revenue opportunity that could drive meaningful upside. BofA price target raise
• Positive Sentiment: Corning expanded its AI data-center connectivity portfolio by licensing PRIZM TMT ferrule technology from US Conec, improving high-density optical connectivity for AI/GenAI networks — a direct catalyst for optical revenue growth. Zacks: Corning expands AI data center portfolio
• Positive Sentiment: Coverage consensus is supportive: analysts on aggregate have a “moderate buy” recommendation, which can sustain investor demand and limit downside. Analyst consensus: Moderate Buy
• Positive Sentiment: Zacks highlighted GLW as a top-ranked growth stock under its style scores, reinforcing the growth narrative for momentum investors. Zacks: Top-ranked growth stock
• Positive Sentiment: Market coverage notes strong GenAI-driven demand for optical communications, supporting near-term revenue momentum in Corning’s Optical Communications segment. Yahoo: GenAI-driven optical demand
• Neutral Sentiment: Some outlets present mixed analyst views and valuation questions despite recent gains; these pieces underscore investor caution around stretched multiples after a large run-up. Globe and Mail: Mixed analyst opinions
• Neutral Sentiment: An investor-focused article lists two bullish reasons and one skepticism point — useful for watchlist investors but highlights the need to weigh growth vs. valuation. Yahoo: 2 reasons to like, 1 to be skeptical

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.