Bank of America and JPMorgan Raise Corning Price Targets

Written by Emily J. Thompson, Senior Investment Analyst

GLW-4.98%

META-0.63%

Source: stocktwits

Updated: 2h ago

0mins

Source: stocktwits

Price Target Increase: Bank of America raised Corning's price target from $110 to $120 while maintaining a ‘Buy’ rating, citing a slight revenue beat in Q4, representing about a 15% upside from the current stock price of $104.56.
Strong Performance: Corning reported Q4 revenue of $4.41 billion, up approximately 14% year-over-year, exceeding analyst estimates of $4.35 billion, indicating robust sales performance in the Display and Hemlock segments.
Future Guidance: The company provided Q1 revenue guidance in the range of $4.2 billion to $4.3 billion, reflecting a 15% year-over-year increase, with EPS guidance between $0.66 and $0.70, showcasing ongoing growth potential.
Strategic Partnership: Corning signed a $6 billion deal with Meta to supply optical fiber and connectivity solutions, with analysts viewing this as a strong indicator of demand for data center infrastructure equipment, despite a short-term miss in the Optical segment.

GLW

$104.28+Infinity%1D

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: 109.740

Low

83.00

Averages

99.00

High

110.00

Current: 109.740

Low

83.00

Averages

99.00

High

110.00

Morgan Stanley

Equal Weight

maintain

$98

2026-01-27

New

Reason

Morgan Stanley

Price Target

$98

AI Analysis

2026-01-27

New

maintain

Equal Weight

Reason

After Corning (GLW) announced a deal with Meta (META) for up to $6B through 2030 in sales of optical fiber, cable, and connectivity, Morgan Stanley estimates bull case EPS expectations for Corning in FY27 probably move closer to $5, from something in the $4.50-$4.75 range. "That is seemingly impetus for a 5-10% move vs. the 15-20% move we have seen," says the analyst, who calls today's reaction "seemingly overdone." However, the deal points to longer term positive positioning for the company and draws attention back to the optical trade, which had begun to fade, the analyst added. The firm, which had not been expecting a raise to Project Springboard targets on the Q4 earnings call tomorrow, now sees more of an opportunity for the 30% enterprise Optical FY23-27 CAGR target to be raised to incorporate the Meta agreement. Morgan Stanley has an Equal Weight rating and $98 price target on Corning shares.

Morgan Stanley

Equal Weight

maintain

$98

2026-01-22

Reason

Morgan Stanley

Price Target

$98

2026-01-22

maintain

Equal Weight

Reason

Morgan Stanley sees Corning reporting a modest sales beat in Q4. The firm believes the company is experiencing strong display panel demand, but says upside in the optical business is likely limited by supply constraints. Corning's current multiple is "appropriate," but the stock could rally with a quicker than scale-up opportunity, the analyst tells investors in a research note. Morgan Stanley keeps an Equal Weight rating on Corning with a $98 price target.

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Morgan Stanley

Meta Marshall

Equal Weight

maintain

$82 -> $98

2025-12-17

Reason

Morgan Stanley

Meta Marshall

Price Target

$82 -> $98

2025-12-17

maintain

Equal Weight

Reason

Morgan Stanley analyst Meta Marshall raised the firm's price target on Corning to $98 from $82 and keeps an Equal Weight rating on the shares. The AI trade broadened out from semi names in 2025, helping infrastructure names, particularly within optical, notes the analyst, who believes that trade can continue, particularly in optical, through the first half of 2026. However, investors will "need to get more selective for full year returns given multiples," the analyst added in a year-ahead note on the group.

UBS

Neutral

maintain

$100 -> $109

2025-11-21

Reason

UBS

Price Target

$100 -> $109

2025-11-21

maintain

Neutral

Reason

UBS raised the firm's price target on Corning to $109 from $100 and keeps a Neutral rating on the shares.

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.