JPMorgan Chase & Co. Downgrades Corning (NYSE:GLW) to Neutral

Corning (NYSE:GLW) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Thursday, Marketbeat.com reports. They presently have a $175.00 price target on the electronics maker’s stock, up from their prior price target of $115.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 6.54% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Bank of America upped their price objective on Corning from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Mizuho set a $145.00 price objective on Corning in a research report on Monday, February 23rd. Barclays set a $100.00 price objective on Corning in a research report on Thursday, January 29th. Finally, UBS Group upped their price objective on Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.69.

Corning Stock Performance

Shares of GLW opened at $164.25 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average price is $142.70 and its 200-day moving average price is $107.81. Corning has a 52 week low of $40.16 and a 52 week high of $176.75. The stock has a market cap of $141.10 billion, a P/E ratio of 89.27, a P/E/G ratio of 2.58 and a beta of 1.06.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts anticipate that Corning will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Corning

In other Corning news, insider Eric S. Musser sold 15,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the sale, the insider directly owned 4,926 shares in the company, valued at approximately $641,611.50. The trade was a 75.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $204,771.25. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 233,201 shares of company stock worth $32,614,558. 0.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Corning

A number of hedge funds have recently added to or reduced their stakes in the stock. Bar Harbor Wealth Management purchased a new stake in Corning during the 1st quarter valued at $227,000. Vermillion Wealth Management Inc. raised its stake in Corning by 36.8% during the 1st quarter. Vermillion Wealth Management Inc. now owns 554 shares of the electronics maker’s stock valued at $75,000 after buying an additional 149 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in Corning by 22.8% during the 1st quarter. HHM Wealth Advisors LLC now owns 2,168 shares of the electronics maker’s stock valued at $295,000 after buying an additional 402 shares during the last quarter. Krilogy Financial LLC raised its stake in Corning by 67.7% during the 1st quarter. Krilogy Financial LLC now owns 19,808 shares of the electronics maker’s stock valued at $2,693,000 after buying an additional 7,996 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV purchased a new stake in Corning during the 1st quarter valued at $205,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: GLW has surged ~15.8% over the past week, drawing momentum investors and helping support recent gains. Read More.
• Positive Sentiment: Corning was named among “Buy 5 Stocks With High ROE,” which can attract investors focused on return-on-equity screens and relative profitability. Read More.
• Positive Sentiment: Media bullishness: Jim Cramer discussed liking Corning on air, a boost to retail sentiment and short-term visibility. Read More.
• Neutral Sentiment: J.P. Morgan’s move is mixed: it cut GLW to Neutral from Overweight but raised its price target (to $175), signaling a view that upside exists but the stock no longer merits an overweight allocation. This is a nuanced datapoint—higher PT but lower conviction. Read More.
• Negative Sentiment: The downgrade prompted intraday selling pressure: analysts cited valuation concerns and JPM’s reassessment of a “blue‑sky” upside scenario, which directly weighed on the share price today. Read More.

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.