Corning (GLW) Stock Forecast & Price Target

$49.83 +0.59 (+1.20%)

Closing price 01/17/2025 03:59 PM Eastern

Extended Trading

$50.27 +0.44 (+0.88%)

As of 09:05 AM Eastern

Corning - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
5

Buy
9

Based on 14 Wall Street analysts who have issued ratings for Corning in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 5 have given a hold rating, and 9 have given a buy rating for GLW.

Consensus Price Target

$50.77
1.88% Upside

According to the 14 analysts' twelve-month price targets for Corning, the average price target is $50.77. The highest price target for GLW is $60.00, while the lowest price target for GLW is $37.00. The average price target represents a forecasted upside of 1.88% from the current price of $49.83.

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GLW Analyst Ratings Over Time

Type	Current Forecast 1/22/24 to 1/21/25	1 Month Ago 12/23/23 to 12/22/24	3 Months Ago 10/24/23 to 10/23/24	1 Year Ago 1/22/23 to 1/22/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$50.77	$50.77	$47.23	$34.11
Forecasted Upside	1.88% Upside	7.31% Upside	0.73% Upside	11.40% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

GLW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GLW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Corning Stock vs. The Competition

Type	Corning	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.64	2.68	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.88% Upside	255.31% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent GLW News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/17/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$39.00 ➝ $48.00	-0.12%
10/30/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$55.00 ➝ $60.00	+24.22%
10/30/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$51.00 ➝ $58.00	+20.08%
10/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$46.00 ➝ $51.00	+4.62%
10/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$49.00 ➝ $54.00	+10.14%
10/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $53.00	+8.10%
9/20/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$46.00 ➝ $51.00	+15.12%
9/20/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$46.00 ➝ $55.00	+24.01%
8/21/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$44.00 ➝ $47.00	+15.39%
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $51.00	+11.06%
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7/9/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell ➝ Hold
7/9/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kelleher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$40.00 ➝ $50.00	+12.16%
7/9/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$37.00	-14.05%
6/17/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$45.00	+20.81%
6/9/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
2/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$41.00 ➝ $40.00	+15.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:06 AM ET.

Should I Buy Corning Stock? GLW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, January 19, 2025. Please send any questions or comments about these Corning pros and cons to contact@marketbeat.com.

Corning
Bull Case

Here are some ways that investors could benefit from investing in Corning Incorporated:

Corning Incorporated recently reported earnings per share of $0.54, exceeding analysts' expectations of $0.53, indicating strong financial performance and effective management.
The stock is currently priced at $49.83, reflecting a solid market position and potential for growth, especially given its recent trading volume of over 5 million shares.
Institutional investors own 69.80% of the stock, suggesting strong confidence from large financial entities in Corning's future prospects.
Corning's revenue increased by 6.9% year-over-year, demonstrating its ability to grow even in competitive markets, which is a positive indicator for long-term investors.
Recent upgrades from analysts, including a price target increase from Oppenheimer to $58.00, suggest that market sentiment is favorable and that the stock may appreciate further.

Corning
Bear Case

Investors should be bearish about investing in Corning Incorporated for these reasons:

The company reported revenue of $3.39 billion, which fell short of the consensus estimate of $3.72 billion, indicating potential challenges in meeting market expectations.
Corning's P/E ratio is currently at 276.59, which is significantly high, suggesting that the stock may be overvalued compared to its earnings, posing a risk for new investors.
Despite a strong institutional ownership, corporate insiders own only 0.40% of the stock, which may indicate a lack of confidence from those most familiar with the company's operations.
The stock has experienced fluctuations, with a recent decline of 1.5%, which could signal volatility and risk for investors looking for stability.
Corning's net margin is relatively low at 1.24%, which may raise concerns about profitability and operational efficiency compared to industry peers.

GLW Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Corning is $50.77, with a high forecast of $60.00 and a low forecast of $37.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLW shares.
: According to analysts, Corning's stock has a predicted upside of 1.88% based on their 12-month stock forecasts.
: Corning has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, and UBS Group in the past 90 days.
: Analysts like Corning less than other "computer and technology" companies. The consensus rating score for Corning is 2.64 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how GLW compares to other companies.

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This page (NYSE:GLW) was last updated on 1/21/2025 by MarketBeat.com Staff

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Corning (GLW) Stock Forecast & Price Target