Corning (NYSE:GLW) Price Target Raised to $120.00 at Citigroup

Corning (NYSE:GLW) had its target price lifted by research analysts at Citigroup from $102.00 to $120.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. Citigroup’s price objective would suggest a potential upside of 18.35% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Barclays set a $100.00 price target on shares of Corning in a research note on Thursday. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Argus boosted their price objective on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average price target of $106.25.

Corning Price Performance

Shares of GLW stock traded down $2.88 during mid-day trading on Thursday, hitting $101.40. The company had a trading volume of 5,121,359 shares, compared to its average volume of 7,093,221. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00. The stock’s 50 day moving average price is $88.96 and its 200-day moving average price is $79.46. Corning has a 52-week low of $37.31 and a 52-week high of $113.99. The company has a market capitalization of $86.93 billion, a P/E ratio of 63.83, a P/E/G ratio of 1.93 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts forecast that Corning will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Corning

In related news, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the completion of the transaction, the chief financial officer owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This trade represents a 23.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 23,142 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $89.05, for a total value of $2,060,795.10. Following the sale, the executive vice president directly owned 17,575 shares in the company, valued at $1,565,053.75. This represents a 56.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning in the 3rd quarter valued at about $25,000. REAP Financial Group LLC boosted its stake in shares of Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 339 shares during the last quarter. Strengthening Families & Communities LLC purchased a new stake in shares of Corning during the third quarter worth approximately $27,000. Total Investment Management Inc. acquired a new stake in Corning during the 2nd quarter worth $28,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiyear agreement with Meta worth up to $6 billion to accelerate U.S. data?center buildout — a direct revenue catalyst for Corning’s optical fiber and cable business and a headline win for AI/data?center exposure. Corning and Meta announce multiyear, up to $6bln agreement to accelerate US data center buildout
• Positive Sentiment: Q4 beat and strong optics momentum: Q4 revenue and EPS topped estimates, driven by a ~24% surge in Optical Communications on Gen?AI/data?center demand — supports upside to 2026 growth. GLW Q4 Earnings Beat Estimates on Strength in Optical Communication
• Positive Sentiment: Analyst upgrades and target raises (Susquehanna, JPMorgan) following the deal and results, signaling renewed institutional conviction and additional potential upside. Corning price target raised at Susquehanna
• Neutral Sentiment: Company issued Q1 2026 guidance (EPS $0.66–$0.70; revenue roughly $4.2–$4.3B) that is roughly in line with expectations — supportive but not a blowout. Corning Announces Outstanding 2025 Financial Results
• Neutral Sentiment: Earnings call transcript and slide deck provide management detail on Springboard plan upgrade and capacity/expansion plans — useful for modeling but incremental until new order flow is booked. Corning Q4 2025 earnings call transcript
• Negative Sentiment: Shares have pulled back from record highs as some investors took profits after the rapid run-up (including the Meta news); short?term volatility is elevated. Corning slips after Q4 results, guidance; updates Springboard plan
• Negative Sentiment: High valuation multiples post?runup increase sensitivity to any execution hiccups or slower-than-expected order growth for fiber and telecom equipment. Glassmaker Clears Q4 Views Following $6 Billion Meta Deal

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.