Corning (NYSE:GLW) Stock Picked Up by Analysts at Sanford C. Bernstein

Posted by Brenda Bartman on Sep 30th, 2026

Analysts at Sanford C. Bernstein started coverage on shares of Corning (NYSE:GLW – Get Free Report) in a note issued to investors on Wednesday, Marketbeat reports. The firm set a “market perform” rating and a $140.00 price target on the electronics maker’s stock. Sanford C. Bernstein’s price target suggests a potential downside of 12.00% from the stock’s previous close.

Several other brokerages also recently issued reports on GLW. Oppenheimer reduced their price objective on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and set a $196.00 target price on shares of Corning in a research note on Wednesday, July 29th. Bank of America boosted their price target on Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a research note on Tuesday, September 15th. Finally, Truist Financial raised Corning from a “hold” rating to a “buy” rating and lowered their price target for the company from $205.00 to $175.00 in a report on Sunday, August 2nd. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.07.

Check Out Our Latest Report on Corning

Corning Stock Up 4.9%

GLW stock opened at $159.09 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. Corning has a fifty-two week low of $77.39 and a fifty-two week high of $271.78. The firm’s 50-day simple moving average is $152.66 and its 200 day simple moving average is $167.13. The stock has a market cap of $137.04 billion, a PE ratio of 72.64, a price-to-earnings-growth ratio of 1.93 and a beta of 1.16.

Corning (NYSE:GLW – Get Free Report) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same period in the previous year, the business posted $0.60 EPS. Corning’s revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts predict that Corning will post 3.28 EPS for the current year.

Insider Activity at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Corning

Several hedge funds and other institutional investors have recently bought and sold shares of GLW. State Street Corp grew its stake in shares of Corning by 13.4% in the 2nd quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock worth $10,500,315,000 after purchasing an additional 4,845,027 shares during the last quarter. Bank of America Corp DE lifted its stake in Corning by 29.2% during the second quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock valued at $4,784,361,000 after purchasing an additional 4,231,507 shares during the last quarter. Capital Research Global Investors lifted its stake in Corning by 52.7% during the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock valued at $1,478,959,000 after purchasing an additional 5,831,873 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Corning by 50.9% during the second quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock worth $3,365,084,000 after buying an additional 4,446,514 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Corning by 16.5% in the fourth quarter. Bank of New York Mellon Corp now owns 6,765,011 shares of the electronics maker’s stock worth $592,344,000 after buying an additional 957,838 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: AT&T agreement worth more than $3 billion: Corning will supply fiber and cable to AT&T under a multiyear deal as the telecom company expands its network to meet rising internet and data demand. The contract improves Corning’s revenue visibility and supports its Optical Communications growth outlook. AT&T signs over $3 billion fiber deal with Corning as data demand surges
Positive Sentiment: AI and connectivity demand remain supportive: The AT&T deal adds to investor enthusiasm around Corning’s fiber, optical and photonics businesses, which are benefiting from network investment and AI-related data-center demand. Corning’s latest quarterly revenue increased 17.1% year over year, while EPS exceeded analyst estimates. AT&T and Corning Team Up to Engineer the Connected World with Fiber
Positive Sentiment: Sector sentiment improved: Corning participated in a rebound among optics and photonics stocks following a recent selloff, providing an additional short-term boost to the shares. Optics stocks rebound
Neutral Sentiment: Valuation remains a consideration: Analyst targets are generally above the current share price, but Corning trades at a high reported P/E multiple, leaving the stock sensitive to expectations for continued AI and fiber growth.
Negative Sentiment: Potential dilution and litigation overhang: Investors remain concerned about Corning’s authorization to sell up to $2 billion of common stock, which could dilute existing holders. Separately, Pomerantz LLP announced an investigation into potential investor claims, adding a legal headline risk. Pomerantz investor alert

About Corning

(Get Free Report)

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.