Corning (NYSE:GLW) Reaches New 52-Week High After Analyst Upgrade

Corning Incorporated (NYSE:GLW)’s stock price reached a new 52-week high during trading on Thursday after Citigroup raised their price target on the stock from $120.00 to $170.00. Citigroup currently has a buy rating on the stock. Corning traded as high as $162.10 and last traded at $160.0940, with a volume of 17166557 shares. The stock had previously closed at $151.59.

GLW has been the subject of several other reports. UBS Group lifted their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Oppenheimer set a $120.00 price target on shares of Corning in a research note on Thursday, January 29th. Argus boosted their price objective on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Barclays set a $100.00 target price on shares of Corning in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Insiders Place Their Bets

In other news, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the insider directly owned 4,926 shares in the company, valued at $641,611.50. This trade represents a 75.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,687 shares of company stock worth $11,249,008 in the last three months. 0.40% of the stock is owned by company insiders.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup raised its price target to $170 and put a Buy rating on GLW, signaling continued analyst confidence and providing upside vs. prior targets. Read More.
• Positive Sentiment: Multiple broker upgrades lifted the stock into fresh highs and drew buying interest — coverage notes that Corning’s end-market exposure (optical, data center glass) underpins long-term earnings upside. Read More.
• Positive Sentiment: Sell-side momentum translated into intraday strength earlier in the week (shares traded ~4% higher after an upgrade), fueling the recent rally. Read More.
• Positive Sentiment: Feature pieces argue Corning’s 200% rally is supported by structural demand (fiber buildouts, AI/data center glass) and improving fundamentals — these narratives help justify a richer multiple to some investors. Read More. Read More.
• Neutral Sentiment: Secondary reporting (Benzinga) reiterated the Citi price-target lift and Buy call, reinforcing the market narrative but not adding new fundamental data. Read More.
• Negative Sentiment: Despite bullish coverage, valuation is stretched (elevated P/E and recent run to near-record levels) which can trigger profit-taking and larger intraday swings; that appears to be the proximate cause of today’s pullback. Read More.

Institutional Trading of Corning

Hedge funds have recently bought and sold shares of the stock. DGS Capital Management LLC bought a new stake in shares of Corning in the fourth quarter worth about $226,000. Chelsea Counsel Co. increased its stake in Corning by 0.5% in the 4th quarter. Chelsea Counsel Co. now owns 72,571 shares of the electronics maker’s stock worth $6,354,000 after acquiring an additional 350 shares during the last quarter. Stone Wealth Partners purchased a new stake in shares of Corning during the 4th quarter worth approximately $529,000. Phillip James Consulting Co. bought a new position in shares of Corning during the 4th quarter valued at approximately $133,000. Finally, Kera Capital Partners Inc. grew its holdings in shares of Corning by 2.7% in the fourth quarter. Kera Capital Partners Inc. now owns 154,754 shares of the electronics maker’s stock valued at $13,550,000 after purchasing an additional 4,061 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Price Performance

The company has a market cap of $128.94 billion, a P/E ratio of 81.68, a PEG ratio of 2.77 and a beta of 1.13. The firm’s 50-day moving average is $107.02 and its two-hundred day moving average is $89.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

About Corning

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.