Corning (NYSE:GLW) Given New $220.00 Price Target at Citigroup

Corning (NYSE:GLW) had its target price dropped by stock analysts at Citigroup from $240.00 to $220.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Citigroup’s price target would indicate a potential upside of 72.01% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Oppenheimer raised their target price on shares of Corning from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Morgan Stanley set a $180.00 price target on Corning in a research note on Friday, May 8th. Susquehanna lifted their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Bank of America upped their target price on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.08.

Corning Price Performance

NYSE:GLW opened at $127.90 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $186.29 and its two-hundred day moving average price is $156.25. The firm has a market capitalization of $110.07 billion, a price-to-earnings ratio of 61.11, a P/E/G ratio of 1.88 and a beta of 1.09. Corning has a 12-month low of $61.44 and a 12-month high of $271.78.

Corning (NYSE:GLW) last released 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. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, analysts anticipate that Corning will post 3.18 earnings per share for the current year.

Insider Activity at Corning

In related news, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares of the company’s stock, valued at $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president directly owned 25,570 shares in the company, valued at approximately $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 160,655 shares of company stock valued at $30,692,560. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Corning

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Corning by 46.0% in the 4th 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. purchased a new position in Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Corning in the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Corning during the 2nd quarter worth approximately $266,000. Institutional investors own 69.80% of the company’s stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning exceeded second-quarter expectations, reporting revenue of $4.74 billion versus the $4.63 billion consensus and EPS of $0.78 versus $0.76. Revenue increased 17% year over year, while EPS rose from $0.60 a year earlier. Corning Q2 results
• Positive Sentiment: Optical Communications sales grew 32% to $2.07 billion, including 65% growth in Enterprise Networks, as demand for fiber, cables and connectivity products used in AI data centers remained strong. Solar sales also increased 90%. Corning Q2 earnings highlights
• Neutral Sentiment: JPMorgan lowered its price target from $200 to $170 and moved to a Neutral rating. The revised target still implies substantial potential upside, but the downgrade reflects a more cautious near-term view after the earnings reaction. JPMorgan price-target update
• Negative Sentiment: Third-quarter revenue guidance of $4.9 billion to $5.0 billion was below the $5.0 billion analyst consensus, and management’s EPS range of $0.85 to $0.89 was viewed as largely in line. Investors treated the outlook as insufficient to justify Corning’s premium valuation, despite the quarterly beat. Corning outlook and stock reaction
• Negative Sentiment: The results triggered a broader selloff in optical and AI-infrastructure stocks, suggesting investors are rotating away from crowded AI trades and demanding stronger guidance. Corning’s high earnings multiple amplified the reaction. Corning optical-stock selloff

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.