Corning Inc Hits 20-Day High on AI Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 09 Dec 25
Source: TipRanks
Corning Inc's stock rose by 3.00%, reaching a 20-day high as investors reacted to strong demand in the optical communications sector.
The company's Q3 performance highlighted a 14% year-over-year increase in core revenue, significantly driven by a 33% rise in optical communications revenue, particularly from AI-related applications. This growth is expected to continue into Q4, aligning with Corning's strategic goals.
As Corning aims for substantial revenue growth driven by AI and fiber optic technologies, investors are closely monitoring its performance and market position, especially in light of the increasing demand for faster processing speeds in data centers.
Analyst Views on GLW
Wall Street analysts forecast GLW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLW is 99.00 USD with a low forecast of 83.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 103.000
Low
83.00
Averages
99.00
High
110.00
Current: 103.000
Low
83.00
Averages
99.00
High
110.00
About GLW
Corning Incorporated operates as an innovator in materials science. Its segments include Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. Its Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Its Display Technologies segment manufactures glass substrates for flat-panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment develops, manufactures and supplies laboratory products, including labware, equipment, media, serum and reagents, enabling workflow solutions for drug discovery and bioproduction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
