Corning (NYSE:GLW) Price Target Raised to $170.00

Corning (NYSE:GLW) had its price objective boosted by Citigroup from $120.00 to $170.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the electronics maker’s stock.

Several other brokerages have also recently issued reports on GLW. Wolfe Research set a $130.00 price objective on Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Susquehanna increased their target price on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. HSBC reaffirmed a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Mizuho set a $145.00 price target on shares of Corning in a research note on Monday. Finally, Morgan Stanley upped their price objective on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Corning Trading Up 0.0%

Corning stock opened at $150.31 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a market capitalization of $128.96 billion, a PE ratio of 81.69, a price-to-earnings-growth ratio of 2.60 and a beta of 1.13. The business’s fifty day moving average is $108.27 and its 200 day moving average is $90.17. Corning has a one year low of $37.31 and a one year high of $162.10.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, sell-side analysts predict that Corning will post 2.33 EPS for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is 60.87%.

Insider Activity

In other news, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric S. Musser sold 15,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the transaction, the insider owned 4,926 shares of the company’s stock, valued at $641,611.50. This trade represents a 75.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 233,201 shares of company stock valued at $32,614,558 in the last quarter. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Corning

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning in the 3rd quarter worth $25,000. Berbice Capital Management LLC acquired a new position in shares of Corning during the 4th quarter worth about $26,000. Basepoint Wealth LLC bought a new stake in Corning during the 4th quarter valued at approximately $26,000. Strengthening Families & Communities LLC bought a new stake in Corning during the 3rd quarter valued at approximately $27,000. Finally, Kemnay Advisory Services Inc. bought a new position in Corning in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup set a new $170 price target for GLW, signaling confidence in Corning’s growth prospects and supporting higher valuation expectations. Corning (NYSE:GLW) Given New $170.00 Price Target at Citigroup
• Positive Sentiment: Analyst upgrades pushed the stock to a fresh 52‑week high and prompted short‑term buying; one report notes shares trading materially higher following the upgrades. Corning (NYSE:GLW) Trading Up 5.6% Following Analyst Upgrade
• Positive Sentiment: UBS says Nvidia’s strong Q4 results provide a favorable read‑through for Corning (demand in data centers and advanced optics), bolstering expectations for Corning’s end‑market strength. Corning Gets Strong Read Through From Nvidia Results, UBS Says
• Positive Sentiment: A CNBC piece argues Corning’s near‑record price and elevated valuation are justified by durable end‑market demand and improving fundamentals, which may attract momentum investors. Why Corning’s near record stock price and historically expensive valuation are worth it
• Neutral Sentiment: Coverage pieces (Yahoo Finance, Zacks) explain the stock’s ~45.9% run since the last earnings report and look at upcoming estimates — useful context but not new catalysts. Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Neutral Sentiment: Another analytical take from Zacks reiterates the same thesis on recent earnings and what to watch next (estimates/guidance). Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Negative Sentiment: CEO Wendell P. Weeks sold 137,514 shares (~$21.4M) on Feb. 26, reducing his stake by ~15.5% per the SEC filing; insider sales can trigger short‑term caution among investors despite his remaining large holding. SEC Form 4 — Weeks insider sale

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.