Morgan Stanley Increases Corning (NYSE:GLW) Price Target to $140.00

Corning (NYSE:GLW) had its price target boosted by analysts at Morgan Stanley from $127.00 to $140.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the electronics maker’s stock. Morgan Stanley’s target price would indicate a potential downside of 16.16% from the stock’s current price.

GLW has been the topic of a number of other reports. JPMorgan Chase & Co. downgraded Corning from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $115.00 to $175.00 in a research note on Thursday. Bank of America increased their price target on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. Citigroup raised their target price on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, HSBC reiterated a “buy” rating and issued a $135.00 target price on shares of Corning in a report on Friday, February 13th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average price target of $140.08.

Corning Stock Up 1.6%

Shares of GLW traded up $2.60 during mid-day trading on Monday, hitting $166.98. 1,475,472 shares of the company’s stock were exchanged, compared to its average volume of 11,178,141. The stock has a market cap of $143.44 billion, a price-to-earnings ratio of 90.00, a P/E/G ratio of 2.55 and a beta of 1.06. The firm has a fifty day moving average of $142.70 and a two-hundred day moving average of $108.17. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning has a twelve month low of $40.16 and a twelve month high of $176.75.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. Corning’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, sell-side analysts forecast that Corning will post 2.33 earnings per share for the current year.

Insider Activity

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Corning

Several large investors have recently modified their holdings of GLW. Brighton Jones LLC raised its stake in Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Corning during the 1st quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Corning during the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. acquired a new position in Corning in the second quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors.

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.