Corning’s fair value has been revised upward as a result of a notably higher future P/E multiple and modestly improved revenue growth forecasts, driving the consensus price target from $59.08 to $65.23.
What's in the News
- Management expects double-digit year-over-year sales and earnings growth for Q3 2025, with core sales of $4.2 billion and core EPS between $0.63 and $0.67.
- Corning guides for second-half 2025 net income at the high end of $900 million to $950 million and operating margin of at least 25%.
- Corning was dropped from the Russell 1000 Defensive Index and the Russell 1000 Value-Defensive Index.
- Corning announced a collaboration with Broadcom to provide optical components for the industry’s first CPO-based 51.2 Tbps ethernet switch, enhancing data center performance for AI workloads.
- Corning’s new Gorilla Glass Ceramic 2 will be featured in Samsung’s upcoming Galaxy S25 Edge, offering advanced durability and crack resistance in a thin device form factor.
Valuation Changes
Summary of Valuation Changes for Corning
- The Consensus Analyst Price Target has significantly risen from $59.08 to $65.23.
- The Future P/E for Corning has significantly risen from 21.42x to 28.10x.
- The Consensus Revenue Growth forecasts for Corning has risen slightly from 11.4% per annum to 11.8% per annum.
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