Morgan Stanley Raises Corning Price Target Amid AI Investment Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Should l Buy GLW?
Source: stocktwits
Corning Inc's stock rose by 3.00% as it reached a 52-week high, reflecting positive market conditions.
Morgan Stanley raised Corning's price target from $103 to $127 while maintaining an 'Equal Weight' rating, reflecting optimism about increased investments in AI data centers that are expected to drive significant expansion in the optical market. The firm anticipates the optical market will grow from approximately $30 billion in 2025 to over $65 billion by 2028, indicating that the broader adoption of next-generation optical technologies will be crucial as legacy network infrastructure nears capacity limits. Corning also reported a 20% increase in Q4 net sales to $4.22 billion and a 72% jump in earnings per share to $0.62, showcasing robust performance from its Optical Communications and Emerging Growth segments.
The raised price target and strong earnings performance highlight Corning's solid position in the optical market, driven by increasing demand from AI investments and major contracts like the $6 billion deal with Meta, which is expected to enhance its manufacturing capabilities.
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Analyst Views on GLW
Wall Street analysts forecast GLW stock price to fall
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 136.220
Low
83.00
Averages
99.00
High
110.00
Current: 136.220
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.
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- Technological Advantages: The PRIZM® TMT ferrule utilizes precision-aligned microlenses to provide faster and more reliable installations, greater contamination resistance, and reduced total cost of ownership, all critical in high-density AI data center deployments.
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See More
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- Profitability Boost: The optical communications segment achieved a record $1 billion profit in 2025, up 71% from the previous year, showcasing strong market demand and granting the company significant pricing power, thereby reinforcing its leadership position in the industry.
- Future Growth Potential: CEO Wendell Weeks predicts that the market for data center optical fiber could triple in size over the long term, indicating that the ongoing evolution of AI technology will sustain rising demand for fiber optics, further propelling the company's performance.
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- Significant Revenue Growth: In 2025, Corning reported core revenue of $16.4 billion, a 13% increase year-over-year, with its optical communications segment contributing $6.2 billion, growing at an impressive 35%, showcasing the company's robust performance in the fiber market.
- Enhanced Profitability: The optical communications business achieved a record profit of $1 billion in 2025, up 71% from the previous year, which not only boosts the company's overall profitability but also provides funding for future investments and expansions.
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See More
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See More
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