Based on the recent data and analyst ratings, GLW stock shows a bullish trend with strong growth potential. The company's Q4 2024 performance exceeded expectations with 18.3% core revenue growth, driven by a 51% surge in Optical Communications segment due to AI-related demand. The stock is currently trading at $52.81 during regular market hours, with technical indicators showing an RSI of 59.11, suggesting balanced momentum.
Recent analyst actions are notably positive, with HSBC upgrading GLW to Strong Buy with a price target of $60 (20% upside potential) on January 30, 2025, citing stronger and clearer growth drivers. Additionally, Citigroup maintains a Strong Buy rating with a $58 target, considering GLW as a top pick for 2025 due to its well-positioned status for secular and cyclical demand recovery.
The stock has significantly outperformed the broader market over the past year, soaring 66.5% compared to the S&P 500's 22.6% gain. The company's strong Q1 2025 guidance projects 10% core sales growth to $3.6 billion and 30% EPS growth between $0.48-$0.52.