Corning (NYSE:GLW) Coverage Initiated at Truist Financial

Equities research analysts at Truist Financial initiated coverage on shares of Corning (NYSE:GLW) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set a “hold” rating and a $125.00 price target on the electronics maker’s stock. Truist Financial’s target price suggests a potential downside of 12.39% from the company’s current price.

A number of other research firms have also recently commented on GLW. JPMorgan Chase & Co. increased their target price on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a report on Friday, February 13th. UBS Group increased their price objective on Corning from $125.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 20th. Oppenheimer set a $120.00 price objective on Corning in a research report on Thursday, January 29th. Finally, Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and an average target price of $132.08.

Corning Price Performance

Shares of GLW stock opened at $142.68 on Tuesday. The stock’s 50-day moving average is $129.26 and its 200 day moving average is $101.07. Corning has a 1-year low of $37.31 and a 1-year high of $162.10. 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 company has a market cap of $122.56 billion, a P/E ratio of 77.54, a PEG ratio of 2.15 and a beta of 1.05.

Corning (NYSE:GLW) last announced its 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. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts predict that Corning will post 2.33 earnings per share for the current fiscal year.

Insider Activity

In other news, VP John Z. Zhang sold 1,531 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction dated 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 sale, the insider directly owned 4,926 shares of the company’s stock, valued at $641,611.50. This trade represents a 75.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Corning

Several hedge funds and other institutional investors have recently bought and sold shares of GLW. Fund Advisors of America Inc FL purchased a new stake in Corning in the fourth quarter valued at $1,085,000. World Investment Advisors raised its stake in shares of Corning by 9.0% during the 4th quarter. World Investment Advisors now owns 31,276 shares of the electronics maker’s stock valued at $2,739,000 after buying an additional 2,587 shares during the last quarter. Winthrop Partners WNY LLC purchased a new position in shares of Corning during the 4th quarter valued at about $1,541,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Corning in the 4th quarter valued at about $45,000. Finally, DUTCH ASSET Corp acquired a new position in shares of Corning in the 4th quarter valued at about $782,000. 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: Corning and Meta broke ground on a large optical cable manufacturing expansion in Hickory, NC to support AI data-center buildout under a multiyear agreement (up to $6 billion), reinforcing a clear revenue runway from AI infrastructure demand. Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
• Positive Sentiment: Jim Cramer publicly called Corning “the best one” for the AI and data-center buildout, a high-visibility endorsement that likely boosted retail and momentum flows into GLW. Jim Cramer Chooses Corning Incorporated As “The Best One” for AI and Data Center Buildout
• Neutral Sentiment: Analyst/market write-ups highlight Corning’s strong ROE and relative outperformance vs. some tech peers, framing GLW as a cash-efficient, defensive play amid macro/geopolitical uncertainty — supportive context but not an immediate catalyst. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Negative Sentiment: Truist Securities initiated coverage on GLW with a Hold rating and a $125 price target, implying downside from current levels — a formal analyst view that could temper further upside and encourage profit-taking. Truist Securities initiates coverage of Corning (GLW) with hold recommendation

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.