Corning (NYSE:GLW) Upgraded at Wall Street Zen

Posted by Stanley Muller on Oct 13th, 2026

Wall Street Zen upgraded shares of Corning (NYSE:GLW – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other analysts have also issued reports about the company. Citigroup dropped their target price on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Bank of America reduced their price target on Corning from $243.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Mizuho reduced their price target on Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Oppenheimer lowered their price objective on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Finally, Morgan Stanley dropped their price objective on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.56.

Check Out Our Latest Analysis on GLW

Corning Stock Performance

Corning stock opened at $147.15 on Friday. Corning has a 12-month low of $77.39 and a 12-month high of $271.78. The company has a market capitalization of $126.76 billion, a price-to-earnings ratio of 67.19, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The firm’s fifty day moving average price is $155.78 and its 200 day moving average price is $168.86.

Corning (NYSE:GLW – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, research analysts forecast that Corning will post 3.28 EPS for the current fiscal year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s payout ratio is currently 51.14%.

Insiders Place Their Bets

In related news, EVP Lewis Steverson sold 13,100 shares of the business’s stock in a transaction dated 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 directly owned 15,052 shares of the company’s stock, valued at $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GLW. Sacks & Associates LLC acquired a new position in shares of Corning in the 3rd quarter worth approximately $235,000. Oak Grove Capital LLC raised its position in shares of Corning by 8.3% during the 3rd quarter. Oak Grove Capital LLC now owns 2,600 shares of the electronics maker’s stock valued at $400,000 after acquiring an additional 200 shares in the last quarter. Valley Wealth Managers Inc. raised its position in shares of Corning by 2.0% during the 3rd quarter. Valley Wealth Managers Inc. now owns 178,430 shares of the electronics maker’s stock valued at $27,435,000 after acquiring an additional 3,440 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Corning by 51.7% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 1,541 shares of the electronics maker’s stock valued at $237,000 after acquiring an additional 525 shares in the last quarter. Finally, Argus Investors Counsel Inc. lifted its stake in Corning by 10.4% during the third quarter. Argus Investors Counsel Inc. now owns 2,312 shares of the electronics maker’s stock worth $355,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

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.