AnalystConsensusTarget updated the narrative for GLW

Corning's analyst price target has risen significantly from $77.75 to $92.75, as analysts cite stronger profit margins, improving revenue growth, and optimism about expanding opportunities in key business segments.

Analyst Commentary

Analyst sentiment around Corning has grown increasingly positive, with several firms raising their price targets and citing both recent execution and promising future growth drivers. Despite the upbeat tone, some mixed notes remain regarding near-term operational challenges and industry trends.

• Bullish analysts point to Corning’s recent revenue and profit beats, especially within Display and Specialty Materials, as signs of strong execution and competitive positioning.
• The accelerating adoption of fiber and connectivity solutions, driven by artificial intelligence applications and data center buildouts, is expected to provide a sustained, structural growth catalyst for Corning’s Optical segment.
• Incremental revenue contributions from Polysilicon and ongoing expansion in the Fiber business are anticipated to help extend Corning’s growth trajectory well into the next several years.
• Analysts foresee structurally higher earnings growth rates with higher margin expansion as demand for advanced materials and networking solutions continues to rise.

• Some cautious analysts note that recent quarterly outperformance was skewed toward Display and Specialty Materials, with Optical lagging, raising questions on the breadth of growth across segments.
• Supply chain constraints and uncertainty in certain end markets could weigh on near-term revenue and execution, potentially disrupting the pace of margin expansion.
• External factors, such as changes in energy pricing and the U.S. petrochemical landscape, could present risks to Corning’s input costs and near-term profitability.

What's in the News

• Apple and Corning announced a major expansion of their partnership. Apple has committed $2.5 billion to produce all iPhone and Apple Watch cover glass in Corning's Harrodsburg, Kentucky facility, which will create the world's largest glass production line for smartphones and increase local employment by 50% (Apple/Corning announcement).
• Corning and All Weather Group unveiled an exclusive collaboration to bring thin quadruple-pane window units featuring Corning Enlighten Glass to Canada. This initiative aims to set new standards for window thermal performance and energy efficiency (All Weather Group/Corning announcement).
• Corning provided earnings guidance for Q4 2025, expecting core sales of around $4.35 billion and core EPS growth outpacing sales in the range of $0.68 to $0.72 (Company guidance).
• QuantumScape and Corning entered a joint development agreement to manufacture ceramic separators for solid-state batteries, combining Corning’s materials science with QuantumScape’s battery technology (QuantumScape/Corning agreement).
• Corning partnered with GlobalFoundries to develop detachable fiber connector solutions for silicon photonics, targeting high-performance and energy-efficient data center applications (GlobalFoundries/Corning collaboration).

Valuation Changes

• Consensus Analyst Price Target has increased from $77.75 to $92.75, reflecting greater optimism in Corning's future outlook.
• Discount Rate has edged up slightly from 8.54% to 8.57%, indicating only a marginal shift in perceived risk.
• Revenue Growth expectations have risen modestly, moving from 13.77% to 13.83%.
• Net Profit Margin is projected to improve significantly from 12.65% to 14.79%.
• Future P/E ratio has fallen considerably from 32.2x to 24.8x, suggesting higher earnings expectations relative to share price.