Corning (GLW) Stock Forecast, Price Target & Predictions
GLW Stock Forecast
Corning stock forecast is as follows: an average price target of $45.92 (represents a 8.05% upside from GLW’s last price of $42.50) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
GLW Price Target
GLW Analyst Ratings
Corning Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 06, 2024 | Asiya Merchant | Citigroup | $50.00 | $41.37 | 20.86% | 17.65% |
Aug 21, 2024 | John Roberts | Mizuho Securities | $47.00 | $40.73 | 15.39% | 10.59% |
Jul 31, 2024 | Wamsi Mohan | Bank of America Securities | $46.00 | $39.74 | 15.75% | 8.24% |
Jul 31, 2024 | Matt Niknam | Deutsche Bank | $46.00 | $39.74 | 15.75% | 8.24% |
Jul 26, 2024 | Meta Marshall | Morgan Stanley | $39.00 | $42.90 | -9.08% | -8.24% |
Jul 09, 2024 | Jim Kelleher | Argus Research | $50.00 | $43.05 | 16.14% | 17.65% |
Jun 18, 2024 | John Roberts | Mizuho Securities | $42.00 | $38.75 | 8.39% | -1.18% |
Jun 17, 2024 | Steve Fox | US Capital Advisors | $45.00 | $37.25 | 20.81% | 5.88% |
Jun 13, 2024 | Meta Marshall | Morgan Stanley | $38.00 | $38.02 | -0.05% | -10.59% |
May 30, 2024 | Joshua Spector | UBS | $38.00 | $35.55 | 6.89% | -10.59% |
Corning Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 2 | 8 | 11 |
Avg Price Target | $48.50 | $45.63 | $43.36 |
Last Closing Price | $42.50 | $42.50 | $42.50 |
Upside/Downside | 14.12% | 7.36% | 2.02% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 06, 2024 | Citigroup | Buy | Buy | Hold |
Aug 21, 2024 | UBS | Buy | Buy | Hold |
Jul 31, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
Jul 31, 2024 | Deutsche Bank | Hold | Buy | Upgrade |
Jul 26, 2024 | UBS | Buy | Buy | Hold |
Jul 12, 2024 | Citigroup | Buy | Buy | Hold |
Jul 10, 2024 | Oppenheimer | Outperform | Outperform | Hold |
Jul 09, 2024 | UBS | Neutral | Neutral | Hold |
Jul 09, 2024 | HSBC | - | Hold | Upgrade |
Jul 08, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Corning Financial Forecast
Corning Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $2.99B | $3.17B | $3.24B | $3.18B | $3.41B | $3.49B | - | $3.68B | $3.68B | $3.62B | $3.50B | $3.29B | $3.35B | $3.00B | $2.56B | $2.39B | $2.82B | $2.93B |
Avg Forecast | $4.09B | $4.27B | $4.03B | $3.65B | $4.00B | $3.97B | $3.79B | $3.56B | $3.68B | $3.71B | $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 | $4.16B | $4.34B | $4.10B | $3.71B | $4.07B | $4.04B | $3.86B | $3.61B | $3.74B | $3.77B | $3.61B | $3.17B | $3.27B | $3.54B | $3.54B | $3.40B | $3.61B | $3.72B | $3.78B | $3.63B | $3.67B | $3.71B | $3.47B | $3.20B | $3.25B | $2.95B | $2.43B | $2.49B | $2.75B | $2.94B |
Low Forecast | $4.04B | $4.21B | $3.98B | $3.61B | $3.95B | $3.92B | $3.74B | $3.51B | $3.63B | $3.67B | $3.50B | $3.08B | $3.25B | $3.49B | $3.44B | $3.30B | $3.50B | $3.62B | $3.78B | $3.46B | $3.50B | $3.54B | $3.32B | $3.05B | $3.10B | $2.82B | $2.32B | $2.38B | $2.63B | $2.81B |
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.90% | 0.93% | 0.95% | 0.96% | 0.95% | - | 1.04% | 1.02% | 1.00% | 1.03% | 1.05% | 1.05% | 1.04% | 1.08% | 0.98% | 1.04% | 1.02% |
Corning EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $78.00M | $236.00M | $279.00M | $653.00M | $332.00M | $759.00M | - | $1.08B | $1.03B | $923.00M | $963.00M | $1.26B | $797.00M | $914.00M | $370.00M | $338.00M | $469.00M | $859.00M |
Avg Forecast | $798.01M | $831.91M | $786.35M | $712.03M | $780.07M | $774.62M | $739.33M | $693.07M | $717.62M | $723.88M | $691.78M | $1.34B | $634.78M | $683.90M | $678.37M | $1.22B | $691.99M | $1.05B | $735.97M | $1.11B | $988.46M | $954.83M | $925.24M | $1.21B | $748.20M | $793.74M | $208.46M | $278.35M | $447.68M | $773.10M |
High Forecast | $810.92M | $845.37M | $799.08M | $723.55M | $792.69M | $787.15M | $751.29M | $704.28M | $729.23M | $735.59M | $702.97M | $1.61B | $636.73M | $690.81M | $689.34M | $1.46B | $703.18M | $1.26B | $735.97M | $1.33B | $1.19B | $1.15B | $1.11B | $1.45B | $897.84M | $952.48M | $250.15M | $334.02M | $537.22M | $927.72M |
Low Forecast | $787.59M | $821.05M | $776.09M | $702.74M | $769.88M | $764.51M | $729.68M | $684.02M | $708.25M | $716.08M | $682.75M | $1.07B | $632.83M | $679.59M | $669.51M | $975.57M | $682.95M | $840.25M | $735.97M | $886.88M | $790.77M | $763.86M | $740.19M | $964.17M | $598.56M | $634.99M | $166.77M | $222.68M | $358.15M | $618.48M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.12% | 0.35% | 0.41% | 0.54% | 0.48% | 0.72% | - | 0.97% | 1.04% | 0.97% | 1.04% | 1.05% | 1.07% | 1.15% | 1.77% | 1.21% | 1.05% | 1.11% |
Corning Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-40.00M | $164.00M | $515.00M | $176.00M | $-27.00M | $208.00M | - | $581.00M | $487.00M | $371.00M | $449.00M | $599.00M | $252.00M | $427.00M | $-71.00M | $-96.00M | $32.00M | $337.00M |
Avg Forecast | $573.94M | $603.18M | $572.06M | $497.66M | $565.28M | $541.60M | $481.69M | $407.91M | $457.13M | $454.57M | $400.09M | $646.77M | $339.81M | $397.81M | $392.62M | $587.97M | $382.03M | $422.17M | $486.78M | $534.52M | $468.27M | $383.79M | $431.39M | $571.14M | $236.57M | $370.82M | $-40.00M | $-79.06M | $30.55M | $303.30M |
High Forecast | $586.01M | $615.86M | $584.09M | $508.12M | $577.17M | $552.99M | $491.81M | $416.49M | $466.74M | $463.15M | $408.51M | $776.12M | $356.80M | $457.06M | $400.88M | $705.57M | $390.06M | $506.61M | $486.78M | $641.42M | $561.92M | $460.55M | $517.67M | $685.37M | $283.89M | $444.98M | $-32.00M | $-63.25M | $36.65M | $363.96M |
Low Forecast | $564.20M | $592.94M | $562.35M | $489.21M | $555.69M | $532.41M | $473.52M | $400.99M | $449.37M | $428.84M | $393.30M | $517.42M | $322.82M | $380.89M | $385.96M | $470.38M | $375.55M | $337.74M | $486.78M | $427.62M | $374.62M | $307.03M | $345.11M | $456.91M | $189.26M | $296.65M | $-48.00M | $-94.87M | $24.44M | $242.64M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.12% | 0.41% | 1.31% | 0.30% | -0.07% | 0.49% | - | 1.09% | 1.04% | 0.97% | 1.04% | 1.05% | 1.07% | 1.15% | 1.77% | 1.21% | 1.05% | 1.11% |
Corning SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $514.00M | $468.00M | $440.00M | $421.00M | $517.00M | $461.00M | - | $434.00M | $476.00M | $486.00M | $465.00M | $400.00M | $471.00M | $480.00M | $401.00M | $395.00M | $401.00M | $369.00M |
Avg Forecast | $575.13M | $599.56M | $566.73M | $513.16M | $562.20M | $558.27M | $532.84M | $499.49M | $517.19M | $521.70M | $498.57M | $483.13M | $457.49M | $492.89M | $488.90M | $439.21M | $498.72M | $553.03M | $530.41M | $399.28M | $457.69M | $502.76M | $446.76M | $381.40M | $442.16M | $416.84M | $225.93M | $325.29M | $382.77M | $332.10M |
High Forecast | $584.43M | $609.26M | $575.89M | $521.46M | $571.29M | $567.30M | $541.46M | $507.57M | $525.55M | $530.14M | $506.63M | $579.75M | $458.89M | $497.87M | $496.81M | $527.05M | $506.78M | $663.64M | $530.41M | $479.14M | $549.23M | $603.31M | $536.12M | $457.67M | $530.60M | $500.21M | $271.11M | $390.35M | $459.33M | $398.52M |
Low Forecast | $567.62M | $591.73M | $559.33M | $506.46M | $554.86M | $550.98M | $525.88M | $492.97M | $510.44M | $516.08M | $492.06M | $386.50M | $456.08M | $489.78M | $482.52M | $351.37M | $492.21M | $442.43M | $530.41M | $319.42M | $366.15M | $402.21M | $357.41M | $305.12M | $353.73M | $333.47M | $180.74M | $260.24M | $306.22M | $265.68M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 0.95% | 0.90% | 0.96% | 1.04% | 0.83% | - | 1.09% | 1.04% | 0.97% | 1.04% | 1.05% | 1.07% | 1.15% | 1.77% | 1.21% | 1.05% | 1.11% |
Corning EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.05 | $0.19 | $0.61 | $0.21 | $-0.03 | $0.25 | - | $0.69 | $0.57 | $0.44 | $-0.42 | $0.75 | $0.30 | $0.53 | $-0.13 | $-0.16 | $0.01 | $0.40 |
Avg Forecast | $0.66 | $0.70 | $0.66 | $0.58 | $0.65 | $0.63 | $0.56 | $0.47 | $0.53 | $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 | $0.68 | $0.71 | $0.68 | $0.59 | $0.67 | $0.64 | $0.57 | $0.48 | $0.54 | $0.54 | $0.47 | $0.36 | $0.41 | $0.53 | $0.46 | $0.40 | $0.45 | $0.52 | $0.56 | $0.51 | $0.53 | $0.59 | $0.53 | $0.44 | $0.50 | $0.37 | $0.12 | $0.17 | $0.45 | $0.41 |
Low Forecast | $0.65 | $0.69 | $0.65 | $0.57 | $0.64 | $0.62 | $0.55 | $0.46 | $0.52 | $0.50 | $0.46 | $0.35 | $0.37 | $0.44 | $0.45 | $0.38 | $0.43 | $0.50 | $0.56 | $0.48 | $0.50 | $0.56 | $0.50 | $0.41 | $0.47 | $0.35 | $0.11 | $0.16 | $0.43 | $0.38 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.12% | 0.41% | 1.34% | 0.54% | -0.07% | 0.49% | - | 1.39% | 1.10% | 0.76% | -0.82% | 1.75% | 0.62% | 1.46% | -1.09% | -0.97% | 0.02% | 1.01% |
Corning Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
VICR | Vicor | $36.76 | $65.00 | 76.82% | Hold |
APH | Amphenol | $63.58 | $98.58 | 55.05% | Buy |
CLS | Celestica | $45.87 | $61.50 | 34.07% | Buy |
OSIS | OSI Systems | $145.39 | $176.50 | 21.40% | Buy |
JBL | Jabil | $105.90 | $126.80 | 19.74% | Buy |
TEL | TE Connectivity | $145.84 | $159.86 | 9.61% | Buy |
GLW | Corning | $42.50 | $45.92 | 8.05% | Buy |
LFUS | Littelfuse | $250.01 | $257.50 | 3.00% | Hold |
TTMI | TTM | $18.26 | $18.33 | 0.38% | Buy |
FLEX | Flex | $29.80 | $28.00 | -6.04% | Buy |
SANM | Sanmina | $67.08 | $62.00 | -7.57% | Buy |
PLXS | Plexus | $126.21 | $109.00 | -13.64% | Buy |
FN | Fabrinet | $230.04 | $173.57 | -24.55% | Hold |
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 8 'Buy' recommendations, accounting for 64.29% of GLW's total ratings.
What is GLW's price target?
Corning (GLW) average price target is $45.92 with a range of $38 to $52, implying a 8.05% from its last price of $42.5. 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 8.05% (from the last price of $42.5 to the average price target of $45.92), up by 22.35% based on the highest stock price target, and down by -10.59% based on the lowest stock price target.
Can Corning stock reach $60?
GLW's average twelve months analyst stock price target of $45.92 does not support the claim that Corning can reach $60 in the near future.
What is Corning's current price target trend?
2 Wall Street analysts forecast a $48.5 price target for Corning (GLW) this month, up 14.12% from its last price of $42.5. Compared to the last 3 and 12 months, the average price target increased by 7.36% and increased by 2.02%, respectively.
What are Corning's analysts' financial forecasts?
Corning's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $15.33B (high $15.58B, low $15.13B), average EBITDA is $2.99B (high $3.04B, low $2.95B), average net income is $2B (high $2.04B, low $1.96B), average SG&A $2.15B (high $2.19B, low $2.12B), and average EPS is $2.31 (high $2.36, low $2.27). GLW's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $16.05B (high $16.31B, low $15.84B), average EBITDA is $3.13B (high $3.18B, low $3.09B), average net income is $2.25B (high $2.29B, low $2.21B), average SG&A $2.25B (high $2.29B, low $2.23B), and average EPS is $2.6 (high $2.66, low $2.56).
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 $3.22B by -72.33%. The company's net income was $581M, missing the average estimation of $1.72B by -66.19%. 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 $634.78M by -87.71%. Corning's net income was $-40M, missing the average estimation of $339.81M by -111.77%. 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%