Corning (NYSE:GLW) Given New $225.00 Price Target at Citigroup

Corning (NYSE:GLW) had its price objective upped by Citigroup from $175.00 to $225.00 in a research report released on Thursday,Benzinga reports. Citigroup currently has a buy rating on the electronics maker’s stock.

Several other research analysts have also weighed in on the stock. Zacks Research raised shares of Corning from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Morgan Stanley lifted their price objective on shares of Corning from $127.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. UBS Group lifted their price objective on shares of Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wolfe Research set a $130.00 price target on shares of Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $172.15.

Corning Trading Up 2.6%

Corning stock traded up $4.79 during midday trading on Thursday, hitting $187.19. 16,288,207 shares of the stock were exchanged, compared to its average volume of 11,603,226. The company has a fifty day simple moving average of $150.46 and a two-hundred day simple moving average of $115.11. Corning has a 52 week low of $44.83 and a 52 week high of $198.25. The stock has a market capitalization of $161.10 billion, a PE ratio of 89.42, a P/E/G ratio of 2.59 and a beta of 1.14. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $0.54 EPS. Corning’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities research analysts anticipate that Corning will post 3.17 EPS for the current fiscal year.

Corning Announces Dividend

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

Insiders Place Their Bets

In other news, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the sale, the chief operating officer directly owned 59,788 shares in the company, valued at approximately $7,697,107.12. This represents a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,256 shares of company stock valued at $26,541,572 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of Corning

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Corning by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 611,485 shares of the electronics maker’s stock worth $83,144,000 after purchasing an additional 7,329 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in Corning during the first quarter worth $334,000. Mathes Company Inc. increased its holdings in Corning by 8.6% during the first quarter. Mathes Company Inc. now owns 3,585 shares of the electronics maker’s stock worth $487,000 after buying an additional 285 shares during the last quarter. HORAN Wealth LLC acquired a new position in Corning during the first quarter worth $301,000. Finally, Baader Bank Aktiengesellschaft increased its holdings in Corning by 179.2% during the first quarter. Baader Bank Aktiengesellschaft now owns 8,471 shares of the electronics maker’s stock worth $1,144,000 after buying an additional 5,437 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia has paid several billion dollars to help fund new Corning factories and confirmed an equity stake (up to $3.2B), reducing Corning’s capex burden and deepening the commercial partnership — increases revenue visibility for GLW. Nvidia funds construction of Corning plants, addition to equity investment
• Positive Sentiment: The companies announced a joint manufacturing expansion that will create ~3,000 jobs across North Carolina and Texas as Corning scales US optical production to serve AI data centers — a material boost to long?term capacity and customer stickiness. Nvidia, Corning plan 3,000-job manufacturing expansion across North Carolina and Texas
• Positive Sentiment: Corning’s deal with Nvidia includes a strategic supply agreement (reported ~$500M initial scope) and direct funding for plant construction—moves that reframe GLW as an AI?infrastructure supplier rather than a cyclical glassmaker. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Nvidia CEO Jensen Huang touted the partnership as revitalizing American manufacturing and said Corning will increase optical manufacturing capacity in the U.S. tenfold—an endorsement that supports durable demand expectations. Nvidia CEO says AI partnership with Corning will ‘revitalize American manufacturing’
• Positive Sentiment: Several analysts raised targets: Citigroup to $225 and Oppenheimer to $210 (both bullish/on outperform views), signaling institutional upward re?rating of GLW after the Nvidia news. Benzinga coverage of price target changes
• Positive Sentiment: High?profile media and pundits (including Jim Cramer) are publicly bullish, adding retail attention and momentum to the stock. Jim Cramer Makes Big Prediction About Corning (GLW)
• Neutral Sentiment: MarketBeat and other analysts note GLW is being repriced as an AI infrastructure play, which improves the narrative but also changes the risk profile investors should model. Light Speed Returns: Corning Cashes In on NVIDIA Growth
• Neutral Sentiment: Some coverage highlights conflicting analyst views across tech names, reflecting divergence on duration of AI optics demand vs. near?term cyclicality. Analysts Have Conflicting Sentiments on These Technology Companies
• Neutral Sentiment: Separately, some optics peers pulled back as the optics trade cooled, a reminder GLW’s sector can be volatile even amid company?specific wins. Applied Optoelectronics Crashes 14%, Coherent Slides 10%…
• Negative Sentiment: Valuation caution: analysis pieces question whether recent gains (hundreds of % YTD) have priced in too much optimism and warn GLW could be extended relative to fundamentals. That increases downside risk on any execution hiccup. Is Corning (GLW) Getting Ahead Of Itself After A 311% One Year Surge?

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.