Corning (NYSE:GLW) Stock Rating Upgraded by Wall Street Zen

Corning (NYSE:GLW) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on GLW. Oppenheimer decreased their price objective on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Barclays dropped their price objective on Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Mizuho cut their target price on shares of Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, September 15th. Sanford C. Bernstein assumed coverage on shares of Corning in a report on Wednesday, September 30th. They issued a “market perform” rating and a $140.00 target price on the stock. Finally, The Goldman Sachs Group reaffirmed an “outperform” rating on shares of Corning in a research note on Tuesday, September 15th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.56.

Corning Trading Down 0.0%

Shares of Corning stock opened at $156.62 on Friday. Corning has a 1 year low of $77.39 and a 1 year high of $271.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The business has a 50 day moving average price of $155.77 and a 200 day moving average price of $168.82. The company has a market capitalization of $134.91 billion, a P/E ratio of 71.51, a P/E/G ratio of 2.00 and a beta of 1.13.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%. Corning’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Sell-side analysts anticipate that Corning will post 3.28 EPS for the current fiscal year.

Insider Activity at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the transaction, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of Corning

A number of hedge funds have recently added to or reduced their stakes in GLW. Sacks & Associates LLC acquired a new stake in Corning in the third quarter valued at $235,000. Oak Grove Capital LLC grew its holdings in Corning by 8.3% during the 3rd quarter. Oak Grove Capital LLC now owns 2,600 shares of the electronics maker’s stock worth $400,000 after acquiring an additional 200 shares in the last quarter. Valley Wealth Managers Inc. grew its holdings in Corning by 2.0% during the 3rd quarter. Valley Wealth Managers Inc. now owns 178,430 shares of the electronics maker’s stock worth $27,435,000 after acquiring an additional 3,440 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in Corning by 51.7% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 1,541 shares of the electronics maker’s stock worth $237,000 after acquiring an additional 525 shares in the last quarter. Finally, Argus Investors Counsel Inc. increased its position in shares of Corning by 10.4% in the 3rd quarter. Argus Investors Counsel Inc. now owns 2,312 shares of the electronics maker’s stock worth $355,000 after purchasing an additional 218 shares during the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI infrastructure demand is a key bullish theme. Analysts identify Corning’s optical fiber and communications components as beneficiaries of expanding data-center and high-speed networking investment, with rising backlogs potentially supporting future revenue growth. Buy GLW and CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Growth-focused coverage continues to highlight Corning as a long-term opportunity because of its specialized glass and optical-fiber businesses serving major technology customers. Its recent earnings also showed strong momentum, with revenue up 17.1% year over year and earnings exceeding estimates. Why Corning Is a Top Growth Stock for the Long Term
• Positive Sentiment: Truist raised its price target on GLW from $175 to $182, signaling increased confidence in the company’s outlook. Corning also declared a $0.28 quarterly dividend, maintaining shareholder returns, although the indicated yield is modest at approximately 0.7%. Truist Raises Target for Corning
• Neutral Sentiment: Investors are awaiting Corning’s third-quarter 2026 results and guidance for evidence that AI-driven demand is translating into sustained growth. The company previously guided to third-quarter EPS of $0.85–$0.89. Corning Q3 2026 Earnings Expectations
• Neutral Sentiment: Bernstein reaffirmed a Hold rating, suggesting the expected growth may already be reflected in the stock’s valuation. Corning trades at a high earnings multiple, increasing sensitivity to any slowdown or disappointing guidance. Bernstein Reaffirms Hold Rating
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk that could weigh on sentiment. Pomerantz Investor Investigation

About Corning

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.