Should You Buy Corning Inc (GLW) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BUY for a long-term beginner investor who wants to act now. GLW just pulled back ~5% despite strong Q4 (2025/Q4) growth and a major Meta agreement (up to $6B through 2030), which improves the multi-year demand outlook for Optical/Connectivity. Technically the trend remains bullish (stacked moving averages and positive MACD) and price is still above the key pivot (~99.49), making the current level (~104.47) a reasonable long-term entry rather than waiting for an “optimal” dip. Main offsets are heavy insider selling recently and mixed near-term options sentiment, but the fundamental and event-driven catalysts are strong enough to justify buying now for a long-term hold.
Technical Analysis
Trend is still bullish despite the sharp one-day drop. Moving averages are positively aligned (SMA_5 > SMA_20 > SMA_200), supporting an uptrend. MACD histogram is positive and expanding (1.534), which typically confirms upside momentum on a trend basis. RSI(6) at ~69.3 is near the upper end of neutral (close to overbought), implying the stock had been running hot and the recent -4.98% drop looks like a reset/pullback rather than a full trend break. Key levels: Pivot support ~99.49 (important line-in-the-sand); resistance R1 ~109.26. Current price (~104.47) sits between pivot and R1, suggesting constructive structure if it holds above ~99.5.
Intellectia Proprietary Trading Signals:
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Analyst Ratings and Price Target Trends
Recent trend: price targets have been moving up and commentary has become more optimistic after the Meta deal and Q4 beat. Bank of America (2026-01-28) raised PT from $110 to $120 and kept Buy. Morgan Stanley (2025-12-17) raised PT to $98 from $82 but stayed Equal Weight; on 2026-01-27 MS called the market reaction ‘overdone’ while acknowledging improved long-term positioning. UBS (2025-11-21) raised PT to $109 but remained Neutral.
Wall Street pros: stronger multi-year optical demand outlook (Meta deal), improving financials and margins, and potential upward revision to longer-term optical growth targets.
Wall Street cons: valuation/multiple selectivity concerns (per MS), possible optical supply constraints limiting near-term upside, and mixed ratings (some remain Neutral/Equal Weight despite higher PTs).
Influential/politician activity: No recent congress trading data available, and no politician purchase/sale data was provided.
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 USD with a low forecast of 83 USD and a high forecast of 110 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.
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 USD with a low forecast of 83 USD and a high forecast of 110 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.
Current: 104.280
Current: 104.280
