Corning (NYSE:GLW) Price Target Raised to $185.00

Corning (NYSE:GLW) had its price objective raised by JPMorgan Chase & Co. from $175.00 to $185.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the electronics maker’s stock.

Several other analysts have also recently weighed in on GLW. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Oppenheimer boosted their price objective on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley lifted their target price on shares of Corning from $127.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Finally, Susquehanna lifted their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.15.

Corning Stock Performance

Shares of GLW opened at $186.47 on Thursday. The stock’s 50-day simple moving average is $150.46 and its 200 day simple moving average is $115.11. The stock has a market capitalization of $160.48 billion, a price-to-earnings ratio of 89.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. Corning has a 52-week low of $44.83 and a 52-week high of $198.25.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Research analysts forecast that Corning will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio is currently 53.59%.

Insider Activity at Corning

In other news, COO Avery H. Nelson III sold 6,262 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $129.79, for a total value of $812,744.98. Following the transaction, the chief operating officer owned 61,371 shares in the company, valued at $7,965,342.09. This represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John Z. Zhang sold 1,531 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,256 shares of company stock valued at $26,541,572 over the last quarter. 0.25% of the stock is owned by company insiders.

Institutional Trading of Corning

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLW. Merit Financial Group LLC increased its stake in shares of Corning by 16.9% in the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 6,493 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Corning by 4.9% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock worth $21,471,000 after purchasing an additional 12,297 shares in the last quarter. Hartline Investment Corp increased its stake in shares of Corning by 113.2% in the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after purchasing an additional 156,843 shares in the last quarter. Three Seasons Wealth LLC purchased a new stake in shares of Corning in the fourth quarter worth $1,750,000. Finally, Natixis Advisors LLC increased its stake in shares of Corning by 32.1% in the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock worth $39,367,000 after purchasing an additional 116,583 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia is funding Corning’s plant construction and taking an equity stake, signaling a long-term strategic partnership that could materially grow Corning’s AI-related manufacturing business. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Analysts have been raising price targets and keeping generally constructive ratings, with Citi, Oppenheimer, and others citing stronger growth prospects after Corning’s recent results and the Nvidia deal. Analysts Have Conflicting Sentiments on These Technology Companies: Coherent Corp (COHR), Corning (GLW) and Fortinet (FTNT)
• Neutral Sentiment: Corning is also drawing attention from media and commentators, including a Closing Bell appearance and bullish commentary from Jim Cramer, which may support sentiment but does not change fundamentals by itself. Corning Incorporated to ring the NYSE Closing Bell® on Thursday
• Neutral Sentiment: Some articles warn the stock may be getting extended after a huge one-year run, suggesting valuation risk could limit upside if AI enthusiasm cools. Is Corning (GLW) Getting Ahead Of Itself After A 311% One Year Surge?
• Negative Sentiment: JPMorgan’s relatively cautious view and neutral rating suggest some analysts still see limited near-term upside after the rally, even with the higher target. Corning price target raised by JPMorgan Chase & Co.

Corning Company Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.