Wall Street forecasts predict Corning's stock value
Corning Incorporated: Mixed Near-Term Price Forecasts Yet Positive Outlook
Corning Incorporated (GLW), a global technology company with a market cap of $54.1 billion, is currently experiencing mixed near-term price forecasts, despite a generally positive outlook for the upcoming quarters.
Growth Potential
The company's strong Q3 guidance and growth potential from Corning's Springboard plan and U.S. manufacturing footprint have fueled optimism. For the next report, earnings are expected to reach $0.57 per share, an increase of 21.3% year over year, with revenues forecasted to grow 6.9% to $3.85 billion. However, the Display Technologies segment is projected to see a decline of 9.3% year over year.
Despite this, the Optical Communications segment has shown significant growth, with a 41% year-over-year sales increase to $1.6 billion, driven by AI-fueled demand for optical connectivity in hyperscale data centers.
The stock price forecasts suggest a somewhat mixed near-term outlook. Most price targets hover close to the current price, with forecasts ranging from slight decreases to moderate gains. For example, the average price target is around $65.17, indicating a minor expected drop of about -0.91% over the next year, while other forecasts range broadly from $54 to $80. Short-term trading channel estimates for 2025 indicate the stock could move between roughly $58.81 and $69.01.
Analysts' Consensus Ratings
The consensus rating across 12 analysts is a "Buy" or "Moderate Buy" with no "Sell" ratings reported recently. Analyst recommendations have been consistent over recent months, maintaining 5 "Strong Buy" and 5 "Buy" ratings, along with some "Hold" ratings, but no negative ratings. Price targets by analysts vary, with some market watchers seeing upside potential to around $68 to $75, while others are more conservative. Broker ratings show a strong average recommendation with a majority (75%) of brokers issuing “Strong Buy” ratings.
Additional Context
The stock recently hit a new 52-week high around $64.22, indicating positive momentum. Dividend yield currently stands near 1.8%, with a quarterly dividend of $0.28 per share.
On Jul. 29, shares of Corning climbed 11.9% after reporting stronger-than-expected Q2 2025 results. Over the past 52 weeks, GLW stock has surged 67.3%, while the S&P 500 Index gained 21.5%. For more information, please view the article's Disclosure Policy here.
It's important to note that all information and data in the article are solely for informational purposes. As with any investment, it's advisable to conduct thorough research and consider seeking the advice of a financial advisor.
Sources:
- Yahoo Finance
- CNBC
- The Wall Street Journal
- MarketWatch
- Seeking Alpha
Amid the mixed near-term price forecasts for Corning Incorporated, the company's strong growth potential in the Optical Communications segment, derived from AI-fueled demand for optical connectivity in hyperscale data centers, provides a positive outlook for investors in the technology and investing arena. Analysts' consensus ratings suggest a favorable long-term perspective, with most rating the stock as a "Buy" or "Moderate Buy", and a majority of brokers issuing “Strong Buy” ratings.
