Corning Incorporated (NYSE:GLW) Stock Has Average Price Target of $177.25

Shares of Corning Incorporated (NYSE:GLW) have earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $175.81.

GLW has been the topic of a number of research reports. Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Truist Financial reaffirmed a “buy” rating and set a $175.00 price objective (down from $182.00) on shares of Corning in a research note on Wednesday. China Renaissance raised Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a research report on Tuesday, September 8th. Zacks Research raised Corning from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Bank of America lowered their target price on Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th.

Insider Buying and Selling at Corning

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

Hedge Funds Weigh In On Corning

A number of large investors have recently bought and sold shares of GLW. Western Pacific Wealth Management LP purchased a new stake in shares of Corning during the third quarter worth about $25,000. Kings Path Partners LLC acquired a new position in shares of Corning in the third quarter worth about $25,000. Atwood & Palmer Inc. purchased a new position in Corning in the second quarter valued at about $26,000. Rogco LP purchased a new position in Corning in the second quarter valued at about $27,000. Finally, Toth Financial Advisory Corp boosted its holdings in Corning by 130.7% in the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s third-quarter sales increased roughly 19% year over year, while earnings exceeded estimates. Growth in Optical Communications, improving margins and demand from AI data-center customers supported the results and the company’s outlook. Corning Q3 Sales Jump 19% as AI Optical Demand and Margins Accelerate
• Positive Sentiment: Zacks Research upgraded GLW from “hold” to “strong-buy,” and Truist Financial reaffirmed its “buy” rating. These actions indicate that some analysts continue to view AI-driven photonics growth and stronger execution as attractive catalysts. Zacks Research Stock Recommendations Corning Stock Rating Reaffirmed as Buy by Truist Financial
• Positive Sentiment: Reports highlight completed production expansion and major customer opportunities, although the valuation benefit depends on Corning converting higher demand into sustained profit-margin improvement. Morgan Stanley Report on Corning’s Production Expansion
• Neutral Sentiment: Corning was featured among dividend-growth stocks with solid fundamentals, but the broader article does not represent a company-specific catalyst. Dividend Growth Stocks Article
• Negative Sentiment: Morgan Stanley lowered its expectations for Corning’s stock, while a separate fair-value estimate fell from $189.94 to $182.76. The revisions reflect concerns about elevated valuation, execution risk and whether AI-related growth can justify the stock’s premium multiple. Morgan Stanley Lowers Expectations for Corning Corning Fair Value Edges Lower
• Negative Sentiment: Exchange-traded funds were reported as net sellers of GLW, adding near-term technical pressure. The stock also remains below its 50- and 200-day moving averages, while its high price-to-earnings ratio leaves it vulnerable to further profit-taking. ETFs Are Net Sellers of Corning

Corning Trading Down 4.3%

Shares of Corning stock opened at $123.29 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 0.51, a quick ratio of 1.24 and a current ratio of 1.72. The company has a market capitalization of $106.20 billion, a P/E ratio of 49.92, a PEG ratio of 1.59 and a beta of 1.13. The company’s fifty day moving average is $147.88 and its two-hundred day moving average is $154.97.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, October 27th. The electronics maker reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Corning had a net margin of 12.13% and a return on equity of 20.83%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s revenue was up 18.9% compared to the same quarter last year. Analysts forecast that Corning will post 3.37 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio is 45.34%.

About Corning

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.