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 $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


The average price target for Corning (GLW) is $45.92 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $52.00 to $38.00. This represents a potential 8.05% upside from GLW's last price of $42.50.

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%), 8 'Buy' (57.14%), 5 'Hold' (35.71%), 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
Sep 06, 2024Asiya MerchantCitigroup$50.00$41.3720.86%17.65%
Aug 21, 2024John RobertsMizuho Securities$47.00$40.7315.39%10.59%
Jul 31, 2024Wamsi MohanBank of America Securities$46.00$39.7415.75%8.24%
Jul 31, 2024Matt NiknamDeutsche Bank$46.00$39.7415.75%8.24%
Jul 26, 2024Meta MarshallMorgan Stanley$39.00$42.90-9.08%-8.24%
Jul 09, 2024Jim KelleherArgus Research$50.00$43.0516.14%17.65%
Jun 18, 2024John RobertsMizuho Securities$42.00$38.758.39%-1.18%
Jun 17, 2024Steve FoxUS Capital Advisors$45.00$37.2520.81%5.88%
Jun 13, 2024Meta MarshallMorgan Stanley$38.00$38.02-0.05%-10.59%
May 30, 2024Joshua SpectorUBS$38.00$35.556.89%-10.59%
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The latest Corning stock forecast, released on Sep 06, 2024 by Asiya Merchant from Citigroup, set a price target of $50.00, which represents a 20.86% increase from the stock price at the time of the forecast ($41.37), and a 17.65% increase from GLW last price ($42.50).

Corning Price Target by Period


1M3M12M
# Anlaysts2811
Avg Price Target$48.50$45.63$43.36
Last Closing Price$42.50$42.50$42.50
Upside/Downside14.12%7.36%2.02%

In the current month, the average price target of Corning stock is $48.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 14.12% increase as opposed to Corning's last price of $42.50. This month's average price target is up 6.29% compared to last quarter, and up 11.85% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
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, 2024HSBC-HoldUpgrade
Jul 08, 2024Morgan StanleyEqual-WeightEqual-WeightHold
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Corning's last stock rating was published by Citigroup on Sep 06, 2024. The company gave GLW a "Buy" 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 22Jul 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-$3.68B$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
# Analysts545443435853685443536469101691088
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's average Quarter revenue forecast for Mar 24 based on 3 analysts is $3.12B, with a low forecast of $3.08B, and a high forecast of $3.17B. 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435853685443536469101691088
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%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435853685443536469101691088
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's average Quarter net income forecast for Dec 23 is $339.81M, with a range of $322.82M to $356.80M. GLW's average Quarter net income forecast represents a 107.20% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435853685443536469101691088
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'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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435853685443536469101691088
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%

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
VICRVicor$36.76$65.0076.82%Hold
APHAmphenol$63.58$98.5855.05%Buy
CLSCelestica$45.87$61.5034.07%Buy
OSISOSI Systems$145.39$176.5021.40%Buy
JBLJabil$105.90$126.8019.74%Buy
TELTE Connectivity$145.84$159.869.61%Buy
GLWCorning$42.50$45.928.05%Buy
LFUSLittelfuse$250.01$257.503.00%Hold
TTMITTM$18.26$18.330.38%Buy
FLEXFlex$29.80$28.00-6.04%Buy
SANMSanmina$67.08$62.00-7.57%Buy
PLXSPlexus$126.21$109.00-13.64%Buy
FNFabrinet$230.04$173.57-24.55%Hold

GLW Forecast FAQ


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.

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.

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.

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.

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.

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).

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%