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Corning (GLW) Stock Forecast, Price Target & Predictions

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GLW Stock Forecast

Corning stock forecast is as follows: an average price target of $53.86 (represents a 8.15% upside from GLW’s last price of $49.80) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.

GLW Price Target

The average price target for Corning (GLW) is $53.86 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $58.00 to $50.00. This represents a potential 8.15% upside from GLW's last price of $49.80.

GLW Analyst Ratings

Buy

According to 14 Wall Street analysts, Corning's rating consensus is 'Buy'. The analyst rating breakdown for GLW stock is 1 'Strong Buy' (7.14%), 9 'Buy' (64.29%), 4 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Corning Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Martin YangOppenheimer$58.00$48.8418.76%16.47%
Oct 30, 2024Matt NiknamDeutsche Bank$54.00$49.0310.14%8.43%
Oct 29, 2024Tim LongBarclays$53.00$49.038.10%6.43%
Oct 29, 2024Wamsi MohanBank of America Securities$56.00$49.0314.22%12.45%
Oct 09, 2024Matt NiknamDeutsche Bank$49.00$45.667.31%-1.61%
Sep 24, 2024John RobertsMizuho Securities$51.00$44.6514.22%2.41%
Sep 20, 2024Wamsi MohanBank of America Securities$51.00$44.3015.13%2.41%
Sep 20, 2024Mehdi HosseiniSusquehanna$55.00$44.3324.07%10.44%
Sep 20, 2024Martin YangOppenheimer$51.00$44.4314.79%2.41%
Sep 06, 2024Asiya MerchantCitigroup$50.00$41.3720.86%0.40%
Aug 21, 2024John RobertsMizuho Securities$47.00$40.7315.39%-5.62%
Jul 31, 2024Wamsi MohanBank of America Securities$46.00$39.7415.75%-7.63%
Jul 31, 2024Matt NiknamDeutsche Bank$46.00$39.7415.75%-7.63%
Jul 26, 2024Meta MarshallMorgan Stanley$39.00$42.90-9.08%-21.69%
Jul 09, 2024Jim KelleherArgus Research$50.00$43.0516.14%0.40%
Jun 18, 2024John RobertsMizuho Securities$42.00$38.758.39%-15.66%
Jun 17, 2024Steve FoxUS Capital Advisors$45.00$37.2520.81%-9.64%
Jun 13, 2024Meta MarshallMorgan Stanley$38.00$38.02-0.05%-23.69%
May 30, 2024Joshua SpectorUBS$38.00$35.556.89%-23.69%
May 07, 2024John RobertsMizuho Securities$36.00$33.447.66%-27.71%
Feb 02, 2023Susquehanna$40.00$35.6812.11%-19.68%
Jan 30, 2022Mehdi HosseiniSusquehanna$50.00$42.1218.71%0.40%
Jan 27, 2022Tim LongBarclays$52.00$40.5628.21%4.42%
Jan 27, 2022Rod HallGoldman Sachs$50.00$40.5623.27%0.40%
Oct 27, 2021Martin YangOppenheimer$48.00$34.9337.42%-3.61%

The latest Corning stock forecast, released on Oct 30, 2024 by Martin Yang from Oppenheimer, set a price target of $58.00, which represents a 18.76% increase from the stock price at the time of the forecast ($48.84), and a 16.47% increase from GLW last price ($49.80).

Corning Price Target by Period

1M3M12M
# Anlaysts-220
Avg Price Target-$56.00$47.75
Last Closing Price$49.80$49.80$49.80
Upside/Downside-100.00%12.45%-4.12%

In the current month, the average price target of Corning stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Corning's last price of $49.80. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024OppenheimerOutperformOutperformHold
Oct 30, 2024Deutsche BankBuyBuyHold
Oct 29, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 29, 2024BarclaysOverweightOverweightHold
Oct 29, 2024Bank of America SecuritiesBuyBuyHold
Oct 09, 2024OppenheimerUnderperformUnderperformHold
Oct 09, 2024SusquehannaBuyBuyHold
Oct 09, 2024Deutsche BankBuyBuyHold
Sep 20, 2024UBSBuyBuyHold
Sep 20, 2024Bank of America SecuritiesBuyBuyHold
Sep 20, 2024SusquehannaPositivePositiveHold
Sep 20, 2024OppenheimerOutperformOutperformHold
Sep 06, 2024CitigroupBuyBuyHold
Aug 21, 2024UBSBuyBuyHold
Jul 31, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 31, 2024Deutsche BankHoldBuyUpgrade
Jul 26, 2024UBSBuyBuyHold
Jul 12, 2024CitigroupBuyBuyHold
Jul 10, 2024OppenheimerOutperformOutperformHold
Jul 09, 2024UBSNeutralNeutralHold
Jul 09, 2024HSBCHoldUpgrade
Jul 08, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 03, 2024Deutsche BankHoldHoldHold
Jun 21, 2024CitigroupBuyBuyHold
Jun 17, 2024UBSBuyBuyHold
Jun 17, 2024Fox AdvisorsOutperformUpgrade
Jun 17, 2024Fox AdvisorsOverweightUpgrade
Jun 14, 2024Bank of America SecuritiesBuyBuyHold
Jun 13, 2024Morgan StanleyPositiveEqual-WeightDowngrade
Jun 13, 2024Morgan StanleyOverweightPositiveDowngrade
May 30, 2024SusquehannaNeutralNeutralHold
May 30, 2024UBSNeutralNeutralHold
May 01, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 22, 2024SusquehannaEqual-WeightEqual-WeightHold
Apr 22, 2024BarclaysUnderperformUnderperformHold
Jun 09, 2023Morgan StanleyHoldOverweightUpgrade
Mar 27, 2023Deutsche BankHoldBuyUpgrade
Feb 02, 2023SusquehannaPositivePositiveHold
Feb 01, 2023Credit SuisseOutperformOutperformHold
Jan 04, 2023Credit SuisseOutperformUpgrade
Jul 27, 2022Deutsche BankHoldHoldHold
Jul 05, 2022CFRAStrong BuyUpgrade
Apr 26, 2022Zacks Investment ResearchHoldUpgrade
Apr 26, 2022Morgan StanleyHoldHoldHold
Apr 26, 2022SusquehannaPositiveUpgrade
Mar 17, 2022Goldman SachsBuyBuyHold

Corning's last stock rating was published by Oppenheimer on Oct 30, 2024. The company gave GLW a "Outperform" rating, the same as its previous rate.

Corning Financial Forecast

Corning Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$2.99B$3.17B$3.24B$3.18B$3.41B$3.49B$3.62B$3.68B$3.68B$3.62B$3.50B$3.29B$3.35B$3.00B$2.56B$2.39B$2.82B$2.93B
Avg Forecast$4.28B$4.25B$4.07B$3.81B$3.98B$3.96B$3.75B$3.53B$3.76B$3.72B$3.55B$3.12B$3.26B$3.51B$3.48B$3.34B$3.55B$3.66B$3.78B$3.55B$3.59B$3.63B$3.40B$3.13B$3.18B$2.89B$2.38B$2.44B$2.70B$2.88B
High Forecast$4.35B$4.32B$4.14B$3.87B$4.04B$4.02B$3.81B$3.59B$3.79B$3.72B$3.55B$3.12B$3.27B$3.54B$3.54B$3.40B$3.60B$3.66B$3.78B$3.55B$3.59B$3.63B$3.40B$3.13B$3.18B$2.89B$2.38B$2.44B$2.70B$2.88B
Low Forecast$4.20B$4.16B$3.99B$3.73B$3.89B$3.87B$3.67B$3.48B$3.74B$3.72B$3.55B$3.12B$3.25B$3.49B$3.41B$3.27B$3.50B$3.66B$3.78B$3.55B$3.59B$3.63B$3.40B$3.13B$3.18B$2.89B$2.38B$2.44B$2.70B$2.88B
# Analysts2222111463336854434354545159988
Surprise %------------0.92%0.90%0.93%0.95%0.96%0.95%0.96%1.04%1.02%1.00%1.03%1.05%1.05%1.04%1.08%0.98%1.04%1.02%

Corning's average Quarter revenue forecast for Mar 24 based on 3 analysts is $3.12B, with a low forecast of $3.12B, and a high forecast of $3.12B. GLW's average Quarter revenue forecast represents a 4.13% increase compared to the company's last Quarter revenue of $2.99B (Dec 23).

Corning EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111463336854434354545159988
EBITDA------------$78.00M$236.00M$279.00M$653.00M$332.00M$759.00M$1.00B$1.08B$1.03B$923.00M$963.00M$1.26B$797.00M$914.00M$370.00M$338.00M$469.00M$859.00M
Avg Forecast$1.06B$1.05B$1.00B$939.61M$980.52M$975.66M$923.97M$869.48M$927.98M$916.37M$875.18M$1.34B$803.07M$865.21M$858.21M$1.22B$1.09B$714.07M$735.97M$1.11B$699.78M$707.76M$663.18M$1.21B$620.18M$563.95M$463.44M$278.35M$525.66M$561.74M
High Forecast$1.07B$1.06B$1.02B$954.70M$996.26M$991.32M$938.80M$884.22M$935.36M$916.50M$875.18M$1.61B$805.53M$873.95M$871.99M$1.46B$1.30B$714.07M$735.97M$1.33B$699.78M$707.76M$663.18M$1.45B$620.18M$563.95M$463.44M$334.02M$525.66M$561.74M
Low Forecast$1.03B$1.03B$982.91M$919.99M$960.04M$955.28M$904.67M$857.20M$923.05M$916.24M$875.18M$1.07B$800.61M$859.75M$840.29M$975.57M$869.85M$714.07M$735.97M$886.88M$699.78M$707.76M$663.18M$964.17M$620.18M$563.95M$463.44M$222.68M$525.66M$561.74M
Surprise %------------0.10%0.27%0.33%0.54%0.31%1.06%1.36%0.97%1.47%1.30%1.45%1.05%1.29%1.62%0.80%1.21%0.89%1.53%

3 analysts predict GLW's average Quarter EBITDA for Mar 24 to be $1.34B, with a high of $1.61B and a low of $1.07B. This is 1619.75% upper than Corning's previous annual EBITDA (Dec 23) of $78.00M.

Corning Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111463336854434354545159988
Net Income------------$-40.00M$164.00M$515.00M$176.00M$-27.00M$208.00M$563.00M$581.00M$487.00M$371.00M$449.00M$599.00M$252.00M$427.00M$-71.00M$-96.00M$32.00M$337.00M
Avg Forecast$612.94M$616.55M$571.16M$502.08M$548.44M$536.43M$485.45M$410.49M$477.19M$448.97M$395.46M$646.77M$335.88M$393.21M$388.07M$587.97M$515.10M$442.07M$487.91M$534.52M$448.52M$497.78M$443.36M$571.14M$419.15M$313.55M$102.64M$-79.06M$381.36M$341.28M
High Forecast$625.73M$629.41M$583.09M$512.56M$559.88M$547.63M$495.58M$427.25M$485.71M$449.09M$395.49M$776.12M$352.67M$451.77M$396.17M$705.57M$618.12M$442.07M$487.91M$641.42M$448.52M$497.78M$443.36M$685.37M$419.15M$313.55M$102.64M$-63.25M$381.36M$341.28M
Low Forecast$596.30M$599.81M$555.66M$488.45M$533.55M$521.87M$472.27M$385.36M$460.14M$448.85M$395.44M$517.42M$319.08M$376.48M$377.54M$470.38M$412.08M$442.07M$487.91M$427.62M$448.52M$497.78M$443.36M$456.91M$419.15M$313.55M$102.64M$-94.87M$381.36M$341.28M
Surprise %-------------0.12%0.42%1.33%0.30%-0.05%0.47%1.15%1.09%1.09%0.75%1.01%1.05%0.60%1.36%-0.69%1.21%0.08%0.99%

Corning's average Quarter net income forecast for Dec 23 is $335.88M, with a range of $319.08M to $352.67M. GLW's average Quarter net income forecast represents a 104.80% increase compared to the company's last Quarter net income of $164.00M (Sep 23).

Corning SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111463336854434354545159988
SG&A------------$514.00M$468.00M$440.00M$421.00M$517.00M$461.00M$486.00M$434.00M$476.00M$486.00M$465.00M$400.00M$471.00M$480.00M$401.00M$395.00M$401.00M$369.00M
Avg Forecast$601.79M$596.88M$571.88M$535.27M$558.57M$555.81M$526.36M$495.32M$528.64M$522.03M$498.57M$483.13M$457.49M$492.89M$488.90M$439.21M$503.46M$514.63M$530.41M$399.28M$504.33M$510.08M$477.95M$381.40M$446.97M$406.44M$334.00M$325.29M$378.84M$404.85M
High Forecast$611.45M$606.47M$581.06M$543.86M$567.54M$564.73M$534.81M$503.71M$532.85M$522.11M$498.57M$579.75M$458.89M$497.87M$496.75M$527.05M$604.15M$514.63M$530.41M$479.14M$504.33M$510.08M$477.95M$457.67M$446.97M$406.44M$334.00M$390.35M$378.84M$404.85M
Low Forecast$589.23M$584.42M$559.94M$524.09M$546.91M$544.20M$515.37M$488.32M$525.84M$521.96M$498.57M$386.50M$456.08M$489.78M$478.69M$351.37M$402.77M$514.63M$530.41M$319.42M$504.33M$510.08M$477.95M$305.12M$446.97M$406.44M$334.00M$260.24M$378.84M$404.85M
Surprise %------------1.12%0.95%0.90%0.96%1.03%0.90%0.92%1.09%0.94%0.95%0.97%1.05%1.05%1.18%1.20%1.21%1.06%0.91%

Corning's average Quarter SG&A projection for Mar 24 is $483.13M, based on 3 Wall Street analysts, with a range of $386.50M to $579.75M. The forecast indicates a -6.01% fall compared to GLW last annual SG&A of $514.00M (Dec 23).

Corning EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111463336854434354545159988
EPS------------$-0.05$0.19$0.61$0.21$-0.03$0.25$0.67$0.69$0.57$0.44$-0.42$0.75$0.30$0.53$-0.13$-0.16$0.01$0.40
Avg Forecast$0.72$0.72$0.67$0.59$0.64$0.63$0.57$0.48$0.56$0.53$0.46$0.35$0.39$0.46$0.45$0.39$0.44$0.51$0.56$0.50$0.52$0.58$0.51$0.43$0.49$0.36$0.12$0.16$0.44$0.40
High Forecast$0.73$0.74$0.68$0.60$0.66$0.64$0.58$0.50$0.57$0.53$0.46$0.35$0.41$0.53$0.46$0.40$0.45$0.51$0.56$0.50$0.52$0.58$0.51$0.43$0.49$0.36$0.12$0.16$0.44$0.40
Low Forecast$0.70$0.70$0.65$0.57$0.62$0.61$0.55$0.45$0.54$0.53$0.46$0.35$0.37$0.44$0.44$0.38$0.43$0.51$0.56$0.50$0.52$0.58$0.51$0.43$0.49$0.36$0.12$0.16$0.44$0.40
Surprise %-------------0.12%0.41%1.34%0.54%-0.07%0.49%1.19%1.39%1.10%0.76%-0.82%1.75%0.62%1.46%-1.09%-0.97%0.02%1.01%

According to 6 Wall Street analysts, Corning's projected average Quarter EPS for Dec 23 is $0.39, with a low estimate of $0.37 and a high estimate of $0.41. This represents a 107.00% increase compared to GLW previous annual EPS of $0.19 (Sep 23).

Corning Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
FNFabrinet$207.74$280.0034.78%Hold
LFUSLittelfuse$235.24$301.6728.24%Buy
TTMITTM$24.26$30.0023.66%Buy
APHAmphenol$69.38$78.6713.39%Buy
GLWCorning$49.80$53.868.15%Buy
PLXSPlexus$143.42$150.004.59%Buy
TELTE Connectivity$147.71$151.002.23%Buy
FLEXFlex$41.51$41.670.39%Buy
JBLJabil$160.98$145.00-9.93%Buy
OSISOSI Systems$196.94$176.00-10.63%Buy
VICRVicor$49.45$43.00-13.04%Hold
SANMSanmina$82.83$62.00-25.15%Buy
CLSCelestica$100.49$73.50-26.86%Buy

GLW Forecast FAQ

Is Corning a good buy?

Yes, according to 14 Wall Street analysts, Corning (GLW) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 71.43% of GLW's total ratings.

What is GLW's price target?

Corning (GLW) average price target is $53.86 with a range of $50 to $58, implying a 8.15% from its last price of $49.8. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Corning stock go up soon?

According to Wall Street analysts' prediction for GLW stock, the company can go up by 8.15% (from the last price of $49.8 to the average price target of $53.86), up by 16.47% based on the highest stock price target, and up by 0.40% based on the lowest stock price target.

Can Corning stock reach $70?

GLW's average twelve months analyst stock price target of $53.86 does not support the claim that Corning can reach $70 in the near future.

What are Corning's analysts' financial forecasts?

Corning's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $15.21B (high $15.46B, low $14.91B), average EBITDA is $3.75B (high $3.81B, low $3.68B), average net income is $1.98B (high $2.03B, low $1.91B), average SG&A $2.14B (high $2.17B, low $2.09B), and average EPS is $2.32 (high $2.38, low $2.24). GLW's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $16.42B (high $16.68B, low $16.07B), average EBITDA is $4.05B (high $4.11B, low $3.96B), average net income is $2.3B (high $2.35B, low $2.24B), average SG&A $2.31B (high $2.34B, low $2.26B), and average EPS is $2.7 (high $2.75, low $2.62).

Did the GLW's actual financial results beat the analysts' financial forecasts?

Based on Corning's last annual report (Dec 2023), the company's revenue was $12.59B, which missed the average analysts forecast of $13.59B by -7.38%. Apple's EBITDA was $890M, missing the average prediction of $3.75B by -76.24%. The company's net income was $581M, missing the average estimation of $1.71B by -65.93%. Apple's SG&A was $1.84B, missing the average forecast of $1.88B by -1.89%. Lastly, the company's EPS was $0.69, missing the average prediction of $1.7 by -59.35%. In terms of the last quarterly report (Dec 2023), Corning's revenue was $2.99B, missing the average analysts' forecast of $3.26B by -8.08%. The company's EBITDA was $78M, missing the average prediction of $803.07M by -90.29%. Corning's net income was $-40M, missing the average estimation of $335.88M by -111.91%. The company's SG&A was $514M, beating the average forecast of $457.49M by 12.35%. Lastly, the company's EPS was $-0.047, missing the average prediction of $0.393 by -111.95%